China Economic Prospect 2009 – Peking Professor Perspective

Tuesday, January 13, 2009 22:56
Posted in category The Big Picture
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While reading up more on the issues, I came across a 20 minute Youtube series from CCTV where Zou Ye interviews Peking University Professor Huode Ming.

Where I enjoyed this interview is simply that the the Professor’s comments are not full of doom and gloom, a common theme right now.  He rightfully highlights a number of the issues and provides some analysis on the recent moves by the government, but his opinion that everything will work itself out in the next 6 months I think has muted his reactions.

Part 1:

[youtube width=”425″ height=”335″]http://www.youtube.com/watch?v=RT_D8zrW5qg[/youtube]

Part 2:

[youtube width=”425″ height=”335″]http://www.youtube.com/watch?v=jG8ix0Dr01g[/youtube]

I won’t say that I agree with everything, but where I share the professor’s concern is in how the money is spent.  HE does a really good job of highlighting the fact that this money should be spent in ways that bring long term returns to the economy, investment, and dismissing the need to simply give people money directly that would provide a short term stimulus.  That is a theme I wish others would consider more carefully, as to truly address the problems that the economy is facing, we need to look at how to create long term solutions that sustain themselves.

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