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Since entering the new century, China and Africa have seized the historic opportunities presented by the deepening of globalization, worked together and helped each other to achieve a win-win outcome.
What people don't realize is that China papered over its last two credit bubbles, those in 1999 and 2004. The banks were never bailed out - they just exchanged their bad loans for questionable bonds from quasi-state organizations.
I live on the West Coast of the United States, and yet the air that I breathe is sometimes the same air that was being breathed in China the day before.
My parents and my grandfather on my mom's side would travel the earth. They went to Australia and China, and they went to probably every soccer game I ever played.
Bubbles are best identified by credit excesses, not valuation excesses. And there's no bigger credit excess than in China.
We spend a lot of time training and retraining. It's heartbreaking because our education system has failed all of us. And again you go to China, even Mexico, Brazil the education systems are valued - ours are not in this country at K-12 level. It's amazing how that change has transpired in my lifetime.
Douglas R. Oberhelman
More understand China, then more people will have interest in China and more people will come to China to visit us because I am a tourist ambassador.
If children were brought up to become non-conformists it would only ruin their lives. So parents all over China who loved their children told them to do as Chairman Mao said. It was not possible to tell them anything else.
I no longer have the terrible nightmares that I used to have. Mao had just died in 1976, and China began to open up. For the first time scholarships to go to the West to study were awarded on academic merit.
When you look at the number of nuclear power plants in China and India, we can't afford not to pursue similar alternative energy sources. If we do not, it would do immense harm to the manufacturing industry in the Midwest.
Increasingly, the real estate developers can't get bank loans for their project financing in China. They're now going into the Hong Kong market to raise money in the bond market at very, very high rates, as high as 15, 20 percent.
The Chinese banking system is built on quicksand and that's the one thing a lot of people don't realize. Everybody seems to think it is a free and clear open checkbook. It's not. The banking system in China is extremely fragile.
I like to have Chinese furniture in my home as a constant and painful reminder of how much has been destroyed in China. The contrast between the beauty of the past and the ugliness of the modern is nowhere sharper than in China.
I've been interested in Japan since the 1930s, when I read about Japan's vicious crimes in Manchuria and China.
Ninety-five percent of our wool is going to China.
But I believe in fair trade, and I will tell you, I have many, many friends heading up corporations, and people that do just business in China, they say it's virtually impossible. It's very, very hard to come into China. And yet, we welcome them with open arms.
The advantage of the internet is that it has taken away the charade of politics. China has heard of democracy and people know about certain concepts they wouldn't have previously.
The money to fund great things and innovations and programs is gone in our lifetime; it's all gone to debt. So we won't be able to solve global warming or have the transportation that we needed for the 21st century. We should be supporting people with great ideas, but it's gone, and now it's gotta be paid back with interest to banks in China.
I was in Shanghai when the Japanese invaded China. I was there in Shanghai when, the morning after Pearl Harbor, they seized Shanghai.
J. G. Ballard
To balance China, the democracies will need new friends - and India with its fast-growing economy, youthful population, and democratic politics seems the obvious candidate.
China has been committed to the independent foreign policy of peace and has developed friendship and cooperation with all countries on the basis of the Five Principles of Peaceful Coexistence.
But Australia faces additional regional and global challenges also crucial to our nation's future - climate change, questions of energy and food security, the rise of China and the rise of India. And we need a strong system of global and regional relationships and institutions to underpin stability.
It used to happen in villages and towns in China that they would have - I guess you'd call them beauty contests - where all of the women of a particular village or town would be seated behind these screens or curtains with only their feet showing.
China and India will, separately and together, unleash an explosion of demand.
The demographic weight of countries such as China and India exercise a massive pressure on our wages and salaries. They have accomplished massive technological advances and the revolution in information technology has reduced the costs of transport.
Martin Luther King, Jr.
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