Monday, January 18, 2010

Chinese system vs Western system

BookValue
China and the Credit Crisis
Giles Chance
( http://www.wiley.com/)

Credit crisis ended the Chinese love affair with the West

These are days when it may not be apt to say ‘China' to Google or vice versa. Quite understandably, ‘China crisis' elicits more than 22,000 finds on the search giant's news section. Contrary to common fears, however, Giles Chance cautions that it would be a mistake for Westerners to assume that China's system is doomed because it is different to their own.
It might seem to a Western observer, brought up on Rousseau, the rights of man, and the Fifth Amendment, that the Chinese would at some point have to rebel against a one-party dictatorship based on a discredited communist ideology, he writes in China and the Credit Crisis.



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