Charlie Rose

jason  05/04/2012 02:17 AM Report

how did they do it? they spoke without interpreter. i know Wang understands english and Geithner studied mandarin in college. but i am not aware Rose understands chinese....

Heresashovel_Canyoudigit  06/02/2011 06:21 PM Report

The chinese should let the americans put an exorbitant amount of military power in china. The americans should then open the floodgates of marketing and technology onto the chinese economy. Everyone would be happy, problem solved.

Chance411  05/27/2011 08:26 PM Report

This is the future of the US and its power over the rest of the world. Everything hinges on whether or not China can consume. Right now it seems bleak. China will not allow its citizens the "human rights" that the US wants. Human rights is an euphemism for "let us buy a bunch of crap we don't need". Face the facts the US and Europe is tapped out and cannot extend more credit without selling our very souls. Which will be the newest innovation in advertising in the future.

China is buying Portugal and Greece bonds with this surplus which is like me buying my brother in laws rent payments with interest in the hope he get off his fat ass and actually gets a job.

Its going to get ugly folks.

pimas  05/15/2011 10:58 PM Report

Thanks for charlie2011 indeed for bringing an alternative solution to deal with another extreme culture/mentality, which is satisfactory to us.

charlie2011  05/15/2011 11:30 AM Report

No one can know everything. People who is good at one thing may not be good at the other. Asking officials to know the foreign language is a good idea but it is a long shot. But we do can be good at everything by gathering sharp minded people surrounding us to come out the best idea and solution. Those people are language experts, culture experts, and subject experts etc. More importantly, we need an attitude of willing to listen to different voices, studying the subject matters carefully and balancing our national interests and values. Liberty, equal opportunity and democracy are our important national values. The value checking will secure our long term interests. Interest only driven solution will ask us pay huge price sooner or later because it is ultimately against our national interests and our destiny as a nation.

pimas  05/13/2011 09:00 PM Report

Thanks for charlie2011 fact about Mr. Wang indeed.

We have to bring some issues to discuss, as our side same as Dr. Henry Kissinger, who is a legend in the US, as our opinion, maybe a fact, for 4 generations leader of Chinese Government to treat as a "Friend" in the public eye and at PRC Government official paper, for the benefits (now and future) of USA Government:

(1) obviously, up to now, there are much much more Chinese Officials and/or potential officials come to USA to deeply learn USA culture (and then mentality) via educational institutions and/or work placement etc, than USA officials and/or potential officials do in China. We hope USA Government has some initiatives to do in the future.

(2) Mr. Geithner is good example via your conversation program. We can see his facial response to Mr. Wang Qishan Mr. Geithner get the deeper and faster thinking of Mr. Wang's points than those translated and so enjoyed with his benefits at negotiation platform. Disappointingly, in the fact, Mr. Geithner is one of very few good example among Senior Officials at the US Government.

(3) In the near future, there may be situation that more Chinese Officials, due to the above point (1), than US officials know each other's language (before and/or faster than) interpretation at the negotiation platform. Communication (and then mentality sharing)secure a good foothold at strategic thinking and partnership.

(4) In reality, for some reasons, US Government may not figure out the above issues. We sincerely suggest US at least identify the above issue and/or then put it on a agenda in the near future.

charlie2011  05/13/2011 05:27 PM Report

Everyone deserves an opinion. If the opinion comes with facts it will be even better. In regard to Mr. Wang's English, we can know to some degree from his brief biography posted online that I like to share: Mr. Wang was born in July 1948 in ShanXi, China. He studied Chinese History in Northwestern University in China between 1973-1976. At the time, colleges and universities were not open to public and he was selected into college by the party and the government for his party membership. It was still in cultural revolution and whole education system in China was still out of order. Many intellectuals were still forced out of colleges and universities. Western language learning was particularly impacted by Cultural Revolution because it connects to the western capitalism ideology. So even in college, no one can teach or learn English well, not to mention Wang's Chinese history major, there was no need to read western documents. You can imagine how much Mr. Wang knows/learns about English back in that time. Anyone who knows little bit of Chinese history of that period of time will have no difficulty to come out a right conclusion. After College, he worked at provincial museum in the field of Chinese History. (1976-1979) Again, there was no need for English. In 1980s and later, he mainly busy with Rural Policy Research and Chinese economy. Again, there was no need or time to learn English. Not to mention his age went on to 40s and 50s. If someone like to say Mr. Wang must know English to some degree, I would say it won't be better than Mr. Geithner knows about Chinese. Only will be less. That is the fact.

pimas  05/13/2011 12:51 AM Report

Good Conversation to see more in-depth points from Mr. Wang Qishan, Vice Premier of PRC and US Treasury Secretary Timothy Geithner.

We have to highlight points which should have been known by Senior Official of the US Government. Most of PRC's Senior Officials, not limited to Mr. Wang Qishan, know English very proficiently , even though they use Interpretation Headphone During Conversation. However, during the conversation with Chinese Senior Government Officials, most of the US Government Senior Official do Not understand Mandarin.

The above might lose US Government's advantage of negotiation to Chinese Government ??

samsamsam  05/12/2011 04:03 PM Report

I am not sure why foreign officiuals want to give advise to china to bring its future growth from 'domestic' consumption, specially sect. Geither. That will be a mistake for china to take his advise. Lets see what has the U.S economy achieved with domestic consumption based economy, over 70% US GDP is domestic conumstion based. having said that:

The US gov' is in hige debt and average Americans are flat broke, and average American continue to struggle.

China would far be better off in focussing on providing scoial programs like health care, education, and welfare programs for it's people. And making stronger ties with it's bordering and regional coutries like Pakistan, Afghanistan, Iran, India, etc. There is about half the world's population within 1500 miles from Chinese borders and as an emerging power china can play a positive role with all those coutnries.

It's about time for America to stop being paranoid by china and other emerging powers, it's inevitable.

UShypocrits  05/12/2011 12:44 AM Report

Charlie2011 you understand nothing of China or the Chinese people so get off your little soap box and maybe look around at the good old racist US of A before you criticize anyone else.

1. Its funny that you mention languages as if somehow the t@rds in washington, by t@rd I do mean pure pieces of "S(*&" speak the language without lying through their teeth every 5 seconds. I guess if the measurement of "PLAIN SPEECH" from the likes of BUSH, PALIN. Then i am glad the Chinese don't use "PLAIN SPEECH"

2. Everything U.S do around the world is based on U.S interests, and the "HUMAN RIGHTS" U.S loved so much about is nothing but a lip service, as long as it is in the interest of the U.S. Uncle SAM have no problem supporting corrupt governments and tyrants, and picking on either a 3rd world MILITARY with 1970 technologies, or go after DUDES with AK-47 living in huts and caves. By the way how's that going for the U.S????

3. U.S is nothing but a paper tiger, and bully in the world. If U.S is serious about, "HUMAN RIGHTS" it must cut ties with CHINA, RUSSIA, BAHRAM, SAUDI........ETC, and invade Cuba, North Korea, and Iran since 3rd world military is all U.S can hope to beat.

charlie2011  05/11/2011 11:33 PM Report

You just contradicted your own definition of "Democracy". Since there is "no nation on earth is currently ruled by the people ", there is no "Democracy" existing in the world. Then where is that "China already has its own democracy" comming from? If you enjoy human rights over China than in United States , why don't you stay in China living as an average Chinese people, then tell us what you enjoy and cheer about.

laupan  05/11/2011 11:03 PM Report

“If the diction is not correct, then what is said is not what is meant; if what is said is not what is meant, then what must be done will remain and be left undone; if what must be done remains undone, then all morals and art and science will deteriorate; and then justice will go astray and the people will be left to stand about in a state of helpless confusion. Hence, it is paramount that there must be no arbitrariness in what is said. This matters above all else.” – Confucius

“Democracy” means people rule however no nation on earth is currently ruled by the people they are all ruled by Government. Much of this is special interest groups that actually dictate power and rule for their own special interests.

We may argue that we are ruled by the people through Representatives of the people. However, all governments by definition represent their people, only the method of selection for the representatives is different and the special lobby groups which exert tremendous power in the election process over the people's interests.

China already has its own democracy, India has their own. Western democracy is not the only democracy in this world; there are a number of forms of democracy. Like the human rights issue, we are fond of touting our own human rights success, however it is not the shinning example we cheer about. Look at any major inner city in our country, yet we continue to lecture the world.

charlie2011  05/11/2011 07:48 PM Report

Any language can go from simple to complex depend on what you want to do. In order to let people know clearly, you want to speak in plain language so people can understand you clearly. Only when people who has a hiding agenda may need to use fuzzy language to confuse people for his own interests. It is not about the difficulty of language, it is about the character of the person who speaks. In a democratic society, people communicate to each other

frankly because they have the freedom to express themselves. Only in a society without much freedom that the person will let/expect other people to guess what they say and what they mean. Isn't it pathetic?

laupan  05/11/2011 05:32 PM Report

Understanding the Chinese goes deeper than just learning the words that they speak. They have a heritage that spans from thousands of years up until today. Their life, has been influenced by the West to some degree, is uniquely their own. In order to understand the Chinese you will have to understand not only that language, but their rich culture that is embedded in their history.

Their history, religion, politics and moral ethics has played and still play a major part of the life of the people of China. And, to best understand the people of China, you would have to understand those for things and lived among the people.

Chinese has at least 50,000 ideograms and no one knows them all. About 6000 characters are used in daily speaking and 3000 words have been simplified for written Chinese.

Chinese is easy to learn because there is no grammar, genders, tenses, participles, cases, or numbers that make up most many languages.

Mandarin is taught so that learners are able to speak Mandarin with confidence very quickly, however learning to speak and understanding the true meaning is very different.

Chinese culture is unique, not only different from that in western countries, but also from other Asian countries. Chinese people have set up their own cultural system, including its special square-shaped characters (more than 5000). It is true that many Asian Cultures are derived from Mother China. All of these are all totally different from the Western ones, and also make China culturally attractive and sometimes difficult to be understood by western people. The best way to know a culture is to live in it, touch it, experience it and the longer you do this the more you will understand the culture.

To study Chinese Language for 1-2 or 3 months does little in preparing one to know the culture with the exception of being able to order in a restaurant, make consumer purchases and get around the major cities.

Certainly this does not in any way give credence that Timmy, because he has studied the language in China, knows the way Chinese talk, think and work. It is evident in the interview with Vice Premier Wang Qishan he does not. To think he does is a grave mistake and will not aid us in finding solutions. Let us bring people to the table that will allow us to solve the issues here.

MadeAgain  05/11/2011 02:25 PM Report

I appreciate the need for long term US-China cooperation and understanding, even the need for China and all nations to develop as cooperative world powers - we all inhabit this one ever more fragile planet.

But I don’t appreciate the Washington-Monied-Interest establishment bending over and allowing US industries, jobs, technology, innovation, defense to be multi-nationalized, absconded, offshored by the self-aggrandizing industrial vacuuming policy adopted by China and its US apologists.

Where are the jobs, the internships for our children, and the next generation industries in solar panels, wind turbines, cell phones, car batteries, LED lights, robotics, high speed rail, advanced manufacturing, and more? They’ve all slid down a tilted playing field into China/Asia, a playing field that’s been greed-greased mostly by Washington’s decades long lack of any enlightened policy to maintain and grow our own industrial base.

For decades Washington has refused to listen to the pleas of our industrial captains, not for protection, but for support of innovation, factories, jobs, working people. Geithner bailed Goldman and the defrauding Wall Street barons who continue living in dishonest regal privilege and self-justified opulence.

Our industrial captains also found a way to survive – by following the globalizing technology – by creating non-national multinational corporations – owing allegiance to themselves and financiers – where everything is just fungible capital – human or otherwise.

So, who is not sold out to self-interest? Who will look out for interests of our people and nation? - not politicians, not banks, not any of our large institutions. We’ve decimated investigative reporting; we find that even our towered academia are paid off to spout half-theories that support the self-justifieds.

Despite my vitriol, I don’t blame anyone for playing the system to their own benefit. If the house will not look after its own, the players will game the system till the bank is broke. And since they are mostly using, not their own, but public, entrusted money, the average man is just about there, left holding the bag – broke!

We have no national jobs strategy – no solution to foreign nation competition based on low wage, often indentured workers – no solution to creating and protecting innovative industries. This is what I blame – the lack of leadership, the telling of lies that sooths and elects, but not solves. To answer federal and trade debt at this late date, we must have some shared sacrifice, but also a shoulder-to-shoulder vision of industry – we must find how we can make again what we consume, not borrow for someone else to make and prosper.

I want us to compete again, to make what we design, not against others, but to stand firm for industry in America. There are those who say is cannot be done, even those who posit that it should not be done – I am not willing to give up on a future for 150 milllion American families.

charlie2011  05/11/2011 12:28 PM Report

Mr. Wang also complained that Chinese monopoly economy has not been accepted as "free market driven economy" by West countries. But isn't it a fact in today's China's monopoly economy? Mr. Rose and Mr. Geithner left this issue unchallenged. I am wondering why?

charlie2011  05/11/2011 12:02 PM Report

Mr. Wang tried to de-politicalize the economic issues between China and the world by ignoring/denying the fact that major Chinese economy/industries are owned, controlled by the state and government. The profit of monopoly economy in China are mainly used to serve its political agenda rather than for the benefits of average people in China.

lindarden07  05/11/2011 09:39 AM Report

China will keep its economic growth but won't become a democratic country right away. For a couple of reasons: democracy comes with a cost, unknown number. Nobody wants to sacrifice the growth momentum to try it now. Second, even if Wan wants to promote democracy, his subordinate officials may not. Everyone in power wants to take disproportionate share of benefits before they leave. It is true everywhere. They come into power with a cost and uncertainly, they get compensated.

To promote internal consumption, China needs to move up the production chain. It has some locally developed technology and needs foreign technology too. If it can't get it from US, its internal transformation will have to be slowed down. People have to have low level jobs first even though they have to endure the high inflation caused by a manipulated currency. Jobs come first.

US gives technology is to help China and US itself. The problem is some jobs in US will be lost and people are not quick enough to be trained to take higher level jobs.

By the end of the day, it is a calculation that weather we can make the pie bigger together or try to fight for a bigger share right now.

Geithner has studied in China and he knows the way Chinese talk, think and work. And he knows the clearly cut American way may not work in China. Reasonable is a key word he uses. Obviously, speed and magnitude for change are different between these two countries.

Patience, understanding and consideration of others’ interests will be key for future America-china relationship. If this relationship works, the economy will grow on both sides. If trust is broken, if either of the two countries chooses not to corporate, the worlds will stop and the cost of that will be unbearable to the other side and the rest of the world.

Of course, creating pressures through media before meetings are usual tricks, for political reasons or get inches more in the negotiation. But once inside the board room, let us talk business and look at the big pictures.

slightly_optimistic  05/11/2011 06:52 AM Report

China worries that economics will become politicised. But economics has always been political.

Internationally, the launch of the UN system, the WTO and the EU are examples of politics having to assert itself following devastation from nations taking advantage of an unfettered free market. But unfortunately the international political safeguards are being wound down.

SharkswithfrikingLazers  05/11/2011 03:49 AM Report

Wal-mart is number one on the Fortune 500 list beating Exxon/Mobil. From reports I have heard/seen, about 80% of what is sold at Wal-mart comes from China. So if the Chinese start consuming their own goods what is going to happen to the number one Fortune 500 Company that is always rolling back prices?

Perhaps Mexico is ready to get in the game in a HUGE way? (Wal-mart's call to Rubbermaid (reference documentary http://www.pbs.org/wgbh/pages/frontline/shows/walmart/interviews/lehman.html): 'Move to Mexico now, China's out.')

SharkswithfrikingLazers  05/11/2011 03:39 AM Report

Perhaps a word about Wei-Wei and if he has been exported to another country to perform prison/slave/gulag labor?

China's newest export: convicts

The use of convict labourers on overseas projects is damaging China's international reputation

http://www.guardian.co.uk/commentisfree/libertycentral/2010/jul/29/china-export-convict-labour

(My neighbor, back from Angola, says there are about 50,000 Chinese prisoners working there.)

SharkswithfrikingLazers  05/11/2011 03:26 AM Report

So Chinese Vice Premier Wang Qishan says no chance of an "Arab Spring" in his country.

Over-educated, underemployed and very numerous. The Chinese phenomenon of 'human ants': great masses of Chinese white-collar workers looking for jobs.

http://www.reuters.com/article/2010/02/18/us-china-middleclass-idUSTRE61H01220100218

Perhaps a word or two about the Chinese Ant Tribe?

Ricardo_Amaral  05/11/2011 02:33 AM Report

The Closest Enemy: All US paths lead to China? - May 10, 2011

http://www.youtube.com/watch?v=PTraMwTHHmo&feature=channel_video_title

'Rome arms Libyans on US order' – May 9, 2011

http://www.youtube.com/watch?v=l-XRjW0B2IA

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robdverity  05/10/2011 05:42 PM Report

Geithner as a hangover from Paulson's bailout has no credibility. His Mandarin translates to screw the masses.

Capitalism depends on ownership. The Paulson, Geithner blessing of "tranching" mtgs (titles) into so-called collateralized debt obligations tiers has fractured title tracing to an impossible determination of the ultimate and final owner. A DEATH KNELL FOR HOME OWNERSHIP - AND CAPITALISM ULTIMATELY!

laupan  05/10/2011 04:55 PM Report

Charlie great show!

Mr. Wang is "decisive and inquisitive, an avid historian, enjoys philosophical debates and possesses great wit As a Chinese patriot he has a very good understanding of the western culture, history and the U.S He holds the party Line however he is not afraid to think outside the box. Mr. Wang worked through the largest bankruptcy restructuring in China's history and knows what it is like to be in the position of working through problems and finding solutions. He and his team prevented a banking crisis that could have crippled the country's growth. He has been on the “Hot Seat”

As he stated a number of times one of his major concerns are the economic issues become politicized by the west, they're no longer economic issues. What do we do? We continue to evade the financial/economic issues and do our best to politicalize the issues.

Mr. Wang has earned the respect of many of the leadership in Asia and the world. Mr. Lee Kwan Yew’s high opinion of Mr. Wang states a valid assessment. The scary thing to many of us is we have a tax evading boy who is sitting across from the table in this “Game” Where are our best people when we need them in dealing with the issues at hand? Charlie mentions Timmy’s ability to learn Mandarin, (to what extent) which is great but he has not and may never know the true meaning of what is being said.

Mr. Wang’s grasp of the issue between our two countries is quite evident. His understanding of our culture and history of our country is evident and greater that Timmy’s knowledge of China. His understanding of what a number of solutions can be successful is also evident. It is also quite evident from Timmy’s comments and statements he does not see the picture. We need people in this “Game” on our team to work with Mr. Wang to find the solution. Not to stone wall, chant the political doctrine, blame the exchange rate, and find an easy fix solution designed to patch the issues at hand so the administration can look good.

Mr. Wang’s pointed comment on the bust of Confucius in Mr. Lee Kwan Yew’s office a significant statement about the two men and their understanding of each other and the way.

We have capable leaders in America…where are they?

jackinbox  05/10/2011 04:09 PM Report

It would be nice to post a written translation of Mr. Wang's responses.

charlizecourriers  05/10/2011 04:05 PM Report

I also hope that the U.S. media will do a better job describing the dictatorship that rules China, its victims and the consequences for the people who are subject to its vicious whims. There is a slight problem, though, and that is this: the U.S. media are quite happy to ignore this reality since it isn't good for the business of media. This vice premier does a great job of revealing the truth of dictatorial bureaucracy-which is why he belongs on this show. And Geithner is his perfect foil(fool).

Ricardo_Amaral  05/10/2011 02:05 PM Report

It's Confiscation and Pillage time for the United States:

May 10, 2011

SouthAmerica: The US government is bankrupt, discredited, and the US dollar is at the edge of the abyss.

The US government is desperate to grab anything they can, before the party is really over. It's time for the final dance.

You can bet that Saudi Arabia will be an easy prey for the United States government.

I warned the Saudis many years ago that eventually the Us would pillage their assets. It's just a matter of time.

The US pillaged the assets of Iraq when the US confiscated the assets of the Iraq government before of the war against that country.

The Egyptians, and Tunisians are not going to see a penny of any assets confiscated in relation to Mubarak's government collapse.

The Libyan people can kiss goodbye to the $ 30 billion US dollars that the US government confiscated from that country.

As far the US government is concerned it's open season on the assets of other governments, and it's pillage time.

If the Saudi government has not started moving all their money outside the United States then they deserve to lose all their assets, because they are a bunch of fools.

In June 2003, I wrote an article regarding “Brazil and Saudi Arabia” that caught the attention of the Brazilian State Department in Brazil.

Later, I also found out that my article had been circulated among members of the Saudi Arabian Royal family, and also among senior members of the Saudi Arabian government.

...My article was an eye opener for a lot of people in Saudi Arabia. He told me that he used to have two bank accounts here in the United States until recently, but he closed both accounts after reading my article, and moved his money to a safer place out of the USA.

He also told me that he knew many other people in Saudi Arabia that were doing the same thing; moving their money out of the USA, just in case.

Brazzil magazine – June 2003

Dear Saudis, Play Safe, Bring Your Money to Brazil

http://www.elitetrader.com/vb/showt...=6&pagenumber=1

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Ricardo_Amaral  05/10/2011 02:03 PM Report

May 10, 2011

SouthAmerica: Every day that goes by the United States becomes an even more "Pathetic" place.

The Chinese government in the future will have a hard time explaining to future generations "why they pissed their resources and invested so much money in a country that was collapsing just like the Soviet Union?"

China is a very poor country in terms of per capita income, but it has been throwing away good money after a very bad investment - the US dollar.

There's nothing the Chinese will be able to do in the future to save face, and look like a Jackass to the rest of the world.

The Chinese is looking very incompetent, but I expected the Chinese to be smarter and more intelligent than that.

http://www.elitetrader.com/vb/showthread.php?s=&threadid=220318&perpage=6&pagenumber=1

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tabs  05/10/2011 01:55 PM Report

With due respect to Mr Qishan his perception of a weak housing market being the cause of high unemployment in the USA is mistaken. Rather the bubble in housing is a symptom of the deeper structural malaise in the USAs economy of high taxes, over regulation and high wages which in part causes capital to be invested outside the USA to achieve competitive returns on that capital. The USA has simply been using bubble economies to maintain the illusion of prosperity while selling off the farm a bit at a time.

Secondly Mr Qishan laments that China has no brands and is mostly a processor of manufactured goods. To change that situation a nation needs creativity and innovation which only having freedom of expression can bring. There is nothing in heaven nor earth that change that dictum.

With regards to Mr Geithners saguine boiler plate it seems that his "coming out of the crisis" belies a complete lack of conceptual awareness that the crisis of 2008 could possibly be anything more than a garden variety financial crisis which periodically take place. That this crisis of 2008 was in fact a game changing inflection point in the arc of the history of the USA, the end of an era of great prosperity and world hegemony. The USA has kicked the can of the financial collapse of the banking system into what is now becoming the MOTHER OF ALL BUBBLES a Sovereign Debt Bubble.

REMant  05/10/2011 11:50 AM Report

It's certainly not as Sec'y Geithner said that China has become too big to export, rather that it ought to have more balanced trade, and that is a matter of its trading partners as much as the country, itself, particularly one that is still largely underdeveloped and in need of technology. Inflation is certainly not only a matter of their attempt to maintain its market share with the US, but also our own overheated money press. The American housing market is depressed, but legitimately so and boosting housing prices in the US just as in China is a no-win proposition. It is of course impossible to separate politics from economics, altho you can try to subsume one under the other. Before Mao's revolution, China figured very greatly in American foreign interest, which is why it occupies a seat on the Security Council and also in great measure why the US entered WWII. At the moment we often hear of a China, Inc, the way we used to hear of Japan, Inc, but certainly as economic relations improve democracy is likely to increase, and nationalism diminish. The Vice Premier is, of course, right that "Made in China," does not automatically mean made by Chinese-owned cos, but that matters little to unemployed US workers. The main problem is that there is such a wage disparity, which as a matter of productivity, probably should not be so, and it can only be attributed to American monetary policy. I, of course, disagree totally with Geithner's sanguine forecast.