“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 domestic companies in Zhongguancun have not yet mastered, and Zhongguancun’s output badly trails Bangalore’s. That’s just a reflection of something fundamental: “modern” China cannot keep up with “backward” India when it comes to information technology.” — Gordon G. Chang Copy Share
“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
