(no subject)

[randomness]

From https://www.washingtonpost.com/world/asia_pacific/china-stock-market-crash-punches-a-hole-in-xis-china-dream/2015/07/08/13d22e66-2579-11e5-b621-b55e495e9b78_story.html:

“It is remarkable to us how analysts and investors around the world who deeply believe in the laws of economics and free markets have tacitly bought into the idea of Chinese exceptionalism,” wrote Anne Stevenson-Yang, director of J Capital Research.

Comments

[digitalemur.livejournal.com]

So is that because of people believing Asians are magic, or are "model minority" ideas from the western world about Asians come into play even when we're talking about the most populous country in the world, or neither, or a bit of both? Or something else I haven't even thought of yet, do you think?

[achinhibitor.livejournal.com]

There's also the very real and sensible narrative that China can rise very far by just copying what the industrialized world knows how to do. And that actually has driven a huge economic rise over the last 25 years, easily the greatest reduction in human poverty in history. That process hasn't reached its end yet. So it's easy to justify any optimism by pointing out, obviously truthfully, that China can just continue on the path that they've been so very successful on. That covers over any self-deception based on the reasons you mention, or other reasons (such as the seductive belief that a tightly-managed central system is more efficient and goal-achieving than a decentralized system).