淘客熙熙

主题:cited article, 中国除了不断地说“不”之外 -- parishg

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家园 what is Beijing Consensus?

Actually, I realize that even domestic Chinese officials can not give specific description of this term.

Washginton Consenus is the propaganded term of the Republican wing of free market believers. It works for US to some extent, but was a disaster for Asia in 1990s.

You are talking about delinking money and wealth. How do you think Feds like that idea?

-- you did misunderstand how the system works. It has nothing to do with the decoupling between money and wealth. For Fed Reserve, it is merely a Dr/Cr. adjustment to reduce outstanding currency.

Oh, BTW, I do not think China elites will fundamentally reform the current system. The financial elites of US and China are much much closer than you wish them to be. The end result will be merely a great bargain between the two sides.

For them, nationality does not mean much, as well as national loyalty. You will understand what I mean 10 years later.

Let's wait and see the "history" of the next 10 years.

通宝推:lilly,
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