Charlie Rose

denverjed  07/12/2012 01:43 AM Report

Thank you xiao-zhi!

The video interview just reinforces how far behind the average Western educated man is in understanding not where China is going but where China already is. Good questions Charlie but you did'nt press him enough on his skeptical "glass half-full" perspective on China.

xiao-zhi  07/05/2012 08:54 AM Report

I'm so tired of these Western "Old China Hands" and their part-time experience living a life of privilege in Shanghai or Beijing pontificating on what China is, who Chinese are, and what we need to do to meet their Western biased expectations.

Regrettably, this sells, even to something as knowledgeable and intelligent as Charley Rose.

vongleichent  06/10/2012 06:46 AM Report

Personally, I favor the one child policy. If you don't like it, move to another country.

finalfantasytown  06/09/2012 11:17 PM Report

Something great and evolutionary should happen in China this year, which is the only contribution from Chinese to the world for evolution. Technology never reach such extent of precision. That is also one of reasons that Titans leaped into human Gods.

onevoice  06/08/2012 09:56 AM Report

In China, it is mandatory for most blue collar women to retire at 50, men at 60 in public sector so it can avoid a big number unemployment from new generation of young people. In terms of safety net, they do have small retirement pension and basic coverage of medicare from the government. One child policy so far has not had huge impact on the society until may be another ten years. Due to relative closeness of the Chinese family members, the family means 7 members in total : four grandparents, two parents and one child. They work together to solve family issues and needs such as purchase/share house or sickness although this closeness is becoming lesser and lesser when people become more independent minded. The older generation has went through the hardship of the life, they have higher resilience with a not so good safety net but not sure about the younger generation looking forward.

SharkswithfrikingLazers  06/08/2012 02:20 AM Report

71.3 and 74.8.

Life expectancy at birth (years) in China.

http://en.wikipedia.org/wiki/List_of_countries_by_life_expectancy

We are told men have a mandatory retirement at 55 and so (based on the above) would have to save or be supported for about 16 years.

We are told women have mandatory retirement at 50 and so would need to have savings or support for about 25 years.

Charlie, I think we need to have more on this based upon what we heard from Larry Fink at BlackRock.

How can the Chinese retire so early with no safety net? Do they really have the savings or with the one child policy is this a potential crisis?

SharkswithfrikingLazers  06/08/2012 02:05 AM Report

I think he overstates the size of America and its relation in size to China:

'By total area (water as well as land), the United States is either slightly larger or smaller than the People's Republic of China, making it the world's third or fourth largest country.[2]

Whether the US or China is the third largest country depends on two factors: (1) The validity of China's claim on Aksai Chin and Trans-Karakoram Tract. Both these territories are also claimed by India, so are not counted; and (2) How US calculates its own surface area."

http://en.wikipedia.org/wiki/Geography_of_the_United_States#Area

As to population--YES THEY HAD TO DEAL WITH IT even with the many, many problems from the single child policy.

7 Billion on a planet that might do best with 2 Billion.

SharkswithfrikingLazers  06/08/2012 01:44 AM Report

Well many in China look up to the US and think that we don't make big mistakes like bombing their embassy.

"Compensation payments arising out of the May 7, 1999 NATO bombing of the Chinese Embassy in Belgrade.

In the first of these agreements, on August 25, 1999, the United States made a “voluntary humanitarian payment” of $4.5 million to the families of the 3 killed and to the 27 injured as a result of the bombing.

On December 16, 1999, U.S. and Chinese officials announced they had agreed that the United States would seek funding for $28 million in compensation for damage to the Chinese Embassy facility, and that China would pay $2.87 million in compensation for damage inflicted by rioting crowds to the U.S. Embassy and other diplomatic facilities in China.

http://congressionalresearch.com/RS20547/document.php

So we tried to make it right with money.

Now we paid for our mistake--let's talk about slave-prison labor and parting out prisoners for body parts.

SharkswithfrikingLazers  06/08/2012 01:20 AM Report

We are told that China needs brand names like LG and Nokia to become a rich country. China has none and needs them for profit and high wage jobs.

Here is a slide show from BusinessWeek:

http://images.businessweek.com/ss/06/08/china_brands/slideshow.htm

Lenovo--slide 10

Haier--slide 22.

CCTV--slide 25: believe it or not my mother-in-law watches this in the United States. She likes the no nonsense Chinese news and how they cover the world (and she is one who favors Rush2insHannity).

SharkswithfrikingLazers  06/08/2012 12:59 AM Report

We are told that in the last 30 years China has taken hundreds of millions of their citizens from a $100 a year peasant to factory workers and a 19th century type of existence.

Charlie you then mumble some like this, 'More people have been lifted out of poverty in China in the history of civilization.' To which he adds, 'more people than in the US.'

WOW! Hundreds of millions lifted out of poverty and then also financing a big part of America too--at least our wars.

So how much is because of communism and how much is because of capitalism and do they have good government or American government?

tabs  06/07/2012 07:44 PM Report

The following was posted to this Board on the date indicated, following Chinese VP Qishans visit with Mr Rose

tabs 05/10/2011 01:55 PM

"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 sanguine 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."

Is it any wonder why Mr Fallows can distinguish between a China man who has studied abroad and one who was trained in country. It as stated above is simply a matter of having been exposed to a culture that has freedom of expression. It all comes down to a narrowness of conceptualization that is required under authoritarian rule. There is no soaring imagination that can be let loose to explore various approaches to problem solving.

The difference between a Chinese Stimulus program and an American Stimulus program is that the Chinese are merely taking their saved money out of the bank whereas the Americans have to BORROW the money.

REMant  06/07/2012 11:55 AM Report

He may know of what he speaks, but I'm less certain it's what the Chinese think. There is nothing wrong with saving for one's old age and medical care. Because we don't is in large measure why we are facing the circumstance in which we find ourselves today. And I think if the Chinese do anymore stimulating they'll be crazier than we are.