The conclusion is, you know about China in the same way I know about the United States.
In reality you know about Hong Kong and other places you visit, just as I know about Los Angeles and the San Francisco Bay Area and other places I visit.
VP Joe Biden says he suspected Trump would win after he went to his home state of Pennsylvania and talked to voters.
When was the last time I was in Pennsylvania, Wisconsin, Michigan, Indiana, North Carolina or Ohio?
That would be never, never, never, never, never and never.
You have similar information deficits about China. We both read about the parts of our nations we don't visit, but that's not the same as knowing.
But I suspect we've both been to places like Monaco, Paris, Luzern, London and Sydney.
Do I trust economic information about China more from the US government and the IMF ? Yes, absolutely. I know the methodology used and US and IMF statistics on the US are endlessly dissected to easily documented variances. China doesn't have the same transparency.
If I were starting a business, I'd want to start it in the US, Australia or Germany because I understand and trust the process in those places.
I know for a fact how crooked and closed the Mexican economy is and doing business there requires a big, politically connected partner - and many US firms have discovered this through pain.
You've said China is pretty much the same - you need a big politically connected partner, and many US firms have discovered this through pain. You claim you need this big, politically connected partner because there is very limited corruption in China. I say if it walks like a duck and quacks like a duck, it's a corrupt duck. |
