Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Steve Lee who wrote (26720)	1/2/2003 10:30:08 AM
From: GST	Read Replies (1) of 74559

I agree with most of what Jay Chen posted on the subject of China. Governments in most of the world are supported so long as they deliver a reasonable degree of economic well-being. China has a huge challenge to keep its economic transformation on track. So far it has exceeded even the best expectations. China is putting a civil code in place as we speak. Individual and property rights are being enshrined in law. That is a big step forward, but the rule of law and participation in the political process will take decades to fully develop.

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