Contents page 1 — The market’s page 2 — The secret is: There is no page 3 — such As Japan in the 1980s, page 4 — The West should remain calm On a page
China makes the fear – not only of the Trump voters in the industrial wastelands of Ohio and Michigan, but also the managers in Germany. Seventy percent of leaders from business, politics and administration, according to an Allensbach poll for the business magazine Capital and the German newspaper Frankfurter Allgemeine Zeitung is concerned about the growing influence of Beijing, more than half wishes that the German government protects the local technology companies and Chinese investors.
Who wants to know why this is so, the only needs to listen to Sebastian Heilmann, a political scientist and sinologist in Trier, and one of the most influential China-interpreters in the country. He says about the Chinese phrases such as “you will make us legs” or “you will take us by surprise”. And what he means, is that you have to pull over with big plans, and public investment in Germany. Nowhere is this more clear than in the case of the digitization. Long ago to Pay with their smartphones in everyday life is in China, which is already more than ten years old strategy, all areas of life to organize information,. Who develop there today a successful App, in a couple of weeks, the Yuan billionaire, says Heilmann – because the market is so incredibly large.
Germany? “Too slow, too sluggish here,” says Heilmann. The German adopted, therefore, data protection laws, while the Chinese are collecting data and modern industrial policy in the Grand style. If China wool, for example, to develop the semiconductor industry, Heilmann, equipped equal to five venture capital funds, and let them compete against each other. The best solutions would then be found on a decentralised basis from the best companies.
As a German Manager can be fear and worry. The only question is whether the success is really thank the state of capitalism.
Forty years after the above
China’s GDP, Beijing’s leadership strengthens in billions of US dollars at current market prices 2010
source: World Bank, OECD © TIME-graph
During the government’s influence, the best Chinese Economists riding. Sheng Hong, Director of the liberal think tank Unirule, warned in the Chinese-language edition of the Financial Times prior to a reversal of market-friendly reforms of Deng Xiaoping, which began 40 years ago, and could not promptly go to the China conference to Harvard. Wu Jinglian, 88 years, China’s senior market advocates, spoke at a Forum of the chief economist of the President Xi Jinping, even directly on the latest round of attacks from the party against the private sector. So your China, harm should be the hot.
Much of Western managers and thinkers nits like in China’s success into a secret – it’s simply end of the market, the continuing power of the now, for 40 years, at the end of the economic miracle possible?
This article dates back to the TIME no 47/2018. Here you can read the entire issue.
So it has to be expressed in terms of a leading liberal Economist of the people’s Republic, Zhang Weiying, in mid-October, in a speech to students at Peking University, which we document here in German. In it, he compares two models. According to the government’s favorite “China model” has a “unique Combination of a strong Central government, powerful state-owned enterprises and far-sighted industrial policy,” the duration of the boom. In contrast, the “universal model” that China is growing according to the same Patterns that were once the UK and Germany are industrialised Nations says. Because China (but is started after the disastrous Mao-years) of zero, everything goes much faster.
The data militated against the China model. In fact, the growth to jump to wherever in the regions of the market and the private sector would be introduced. Conversely, the state, the lower the growth also applies: “The more powerful.” Currently, the Faith dominated the China model and the politics and the Economist worries that a wrong Interpretation of the data, an incorrect policy could arise.