Charlie Rose Science Series
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07/17/2007
Jesse Wang
China Today: A Report from Beijing
The second in a week-long series: China Today, a report from Beijing. Charlie interviews leaders in business and politics about China's economy, politics and culture. Tonight's segment features an interview with Jesse Wang, Chairman of China Jianyin Investment Ltd.
DVD
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Charlie Rose DVDs on Amazon.
Audio
Audio available through Audible.com.
Audio available through Audible.com.
Transcripts
Transcripts available through Voxant.
Transcripts available through Voxant.
I truly enjoyed your interview with Mr Jesse Wang and I would like to receive more information about this new investment venture. I would like to know if you have an email address for him or some other means of contacting Jianyin Investment company.
Oh, how I wish Mr. Rose would ask such pointed questions of western leaders. The Chinese Spokesman's responses were often quite pointed and flippantly handled by the host. The hack-job editing further embarrassed any sense of real journalism. I'm a big fan of the show, but was disappointed at this treatment of an important topic :( sorry charlie
This series of video on China is very interesting and relevant topic for today's America. The trillions of dollar trade deficit is caused not by the Chinese but by our own multinational corporation's desire for profit and our government's need to borrow from foreign countries to finance our wars around the world. In my view this move by China to move investment into the U.S. economy is a smart one for both the U.S. and China. Because while it may earn returns for the Chinese government, the U.S. private equity funds and other investment companies that receive and manage these funds will also receive significant returns in form of fees and new investment opportunities. We should view this surplus of funds into our economy a good sign and not a hostile one. Regarding Mr. Romberg's comment, please look at history and see that the U.S. has been doing the same thing all over the world in the name of "capitalism". While we are the richest country in the world we still have some of the highest number of crimes and diseases in the developed worlds and one of the poorest health coverage as well. I believe our current president understand the principles of "capitalism" quite well. Please read "The Confession of an Economic Hitman" by John Perkins to see the other side of our "capitalism".
Hi, Klas Romberg, I respectively disagree with you. To quote you : "Chinese Government to gain greater control over the economic activities of its citizens who - so far - have been left alone for a while without even a semblance of individual rights to their achievements and property?" political rights maybe, other areas may not be so. To quote one: http://www.undp.org/poverty/stories/pov-award06-china.htm "lifting over 400 million people out of absolute poverty"
I find these interviews on China and its policies fascinating. China is perhaps the one country today that is ruled by intellectuals, and it is interesting to see how it develops. China's intentions may be benign, but once it puts enough hundreds of billions of dollars into our economy, we will need to stay on its good side.
Excellent show and conversation with Jesse Wang. Liked the way he argued china's case for state-funded investments and how china is inspired by ideas that worked in other countries (e.g. Singapore, Koweit, Russia, Norway...). Thanks - Hicham
Excellent show and conversation with Jesse Wang. Liked the way he argued china's case for state-funded investments and how china is inspired by ideas that worked in other countries (e.g. Singapore, Koweit, Russia, Norway...). Thanks - Hicham
Thank you Charlie for this revealing interview. Jesse Wang is an interesting spokesman for China's aim towards greater prosperity and strategy in world markets. His line of rationalizing is quite seductive. Yet, a State run investmant company he is so aptly explaining away as a perfectly benign entity is in fact that what it is, a government tool towards even greater domination of these very markets and an assault on the very foundations of capitalism. Jesse Wang, interestingly, talks about the moral basis of his assertions. Since Ayn Rand's definition of 'capitalism as a social system of individual rights, including property rights, where all property is privately owned' we have gained a glimpse at the proper moral foundation of capitalism. ' Rights', according to this viewpoint, 'are moral principles defining and sanctioning an individual's action in a social context'. We have seen the monstrous perversion of individual rights in our own country and the reversal of property rights in favor of 'Statism' resulting in an ever greater and precarious mixture of freedom and controls on the owners of property and the producers of wealth. Does anybody in his right mind wonder why we find it hard to keep up with the Chinese? Is that the reason why most of the comments on your interview with Jesse Wang do not seem to understand the motives of the Chinese Government to gain greater control over the economic activities of its citizens who - so far - have been left alone for a while without even a semblance of individual rights to their achievements and property? Observe what can be achieved by a poor backward country, when its citizens are left alone even without explicit garanties. - Could it be true that our minds have been brainwashed to the point that we no longer understand the principles of the Founding Fathers who wrote the Constitution of the United States, forming the institutions of our Government for the sole purpose of the protection of individual rights and that these rights of the individual be secured and protected from physical force by the Government? For a more comprehensive understanding of capitalism and the moral defense of its principles get yourself a copy of Ayn Rand's booklet 'Capitalism The Unknown Ideal'. Our present day political parties with its presidential candidates are clueless as to the reasons why capitalism is such a magnificent engine for the betterment of human life and its basis in morality. Klas D. Romberg, MD, Lowell, Massachusetts
Really enjoyed your discussion with Jesse Wang. He was very knowledgeable about what is going on in China concerning China's economic state. Very well spoken and articulate. Look forward to hearing more from China. Thanks Sirron Kyles Houston, Texas