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February 19 2010

ffred
02:49

John and Doris Naisbitt: China Megatrends

As you can see from this video, John and Doris fall into the half-glass-full camp of China watchers, emphasizing that those looking at China’s development must recognize how much change has taken place in just 30 years. Western democracy has developed for more than 200 years with lots of bumps on the way - the same is now happening in China.

China is in the middle of an emancipation process, they said, but the goal is not to become exactly like the west. The new (digital) generation of Chinese wants to join the world, but on their own terms. In fact, China has become a model for other developing nations.

It would be a good analogy to compare China and Japan before and during the "bubble economy" era as well.

If anyone wants to have an in-depth look about China's "democracy" changes, Taiwan and Hong Kong's past shouldn't be overlooked; and their current economy growth can learn lessons from Japan and Korea in the '80s and '90s. Making comparison with only the West in the past 200 years will miss many important issues and scenarios happening in China.

After all, China and the West are on different tracks, different vehicles and may head for different destinations.

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