“then head of ING Bank in Shanghai, said it all: “The bad news is that the Big Four are insolvent; the good news is that they’re sovereign.” Technically, no state-owned commercial bank in China enjoys sovereign backing. In practice, however,… — Gordon G. Chang Copy Share Image
“in the words of jurist John Marshall of the U.S. Supreme Court, “the power to tax involves the power to destroy.” — Gordon G. Chang Copy Share Image
“Yet Zhongguancun pales when measured against India’s Bangalore, where government-sponsored development efforts started at about the same time. Today Bangalore produces original product, which… — Gordon G. Chang Copy Share Image
“the traditionally used ratios of deficit to GDP and total debt to GDP, as computed using the official numbers, grossly overstate how much more… — Gordon G. Chang Copy Share Image
“as long as our dreams outweigh our memories, America will be forever young” — Gordon G. Chang Copy Share Image
“China will make real progress in the fight against corruption only when prosecution and conviction are separated from politics.” — Gordon G. Chang Copy Share Image
“The students who surrendered the square on the morning of June 4 could not begin to imagine, in those sad days of 1989, that… — Gordon G. Chang Copy Share Image
“Consider these words from Lech Wałęsa: In the past, you could stand with a gun behind a man who had a pick and a… — Gordon G. Chang Copy Share Image
“Before laissez-faire there was wu wei. “Practise not doing and everything will fall into place,” says the Tao Te Ching, Taoism’s primer.” — Gordon G. Chang Copy Share Image
“at any given time about 30 percent of the stocks on China’s markets are being manipulated.” — Gordon G. Chang Copy Share Image
“Restraint, however, is the essence of modern governance. A government’s self-control permits its people to create, explore, and discover, and that’s what allows a… — Gordon G. Chang Copy Share Image
“Until the tide goes out you don’t know who’s swimming naked. —WARREN BUFFETT” — Gordon G. Chang Copy Share Image
“Communism went against life, against man’s fundamental needs, against the need for freedom, the need to be enterprising, to associate freely against the will… — Gordon G. Chang Copy Share Image
“The Maoist mechanisms of social control have been loosened. A totalitarian state has become merely an authoritarian one.” — Gordon G. Chang Copy Share Image
“Although China is short of the people it really needs—scientists, economists, doctors, teachers, practically everybody, in fact, except Indian chiefs—it employs its best and… — Gordon G. Chang Copy Share Image
