How China can (but won’t) save global growth

Once again we must turn to PRC owned and controlled media to get a balanced assessment of the prospects for Chinese reform policies, its contribution to global growth and the scope for stimulus in the event of a Western recession. Enjoy the following discussion and take a moment to wonder why Australian media is incapable of such a debate.

Comments

  1. Rob, it’s pretty appalling to see you mock the presenter because of his accent. Perhaps you could instead challenge some of the points made in the program. For example, characterising the question as whether China will bail out the rich, Western consumer is wrong. China relies on exports to drive its economic growth, hence the question is whether China can or should seek to maintain that economic model. What can it do to increase domestic demand?

    Another question is why the presenter (early on) makes the irrelevant point about human rights. Is this indicative of China’s likely approach to human rights, democracy, and other civic and personal freedoms as its economic clout increases?

    Racism – which is what your comment is – is totally unacceptable.

  2. Really interesting stuff – comment at the end “Beijing needs to have a debate about this kind of assertiveness (eg Marhsall Plan to save the industrial West) rather than military buildup”.

    Reinforces China’s very significant role in the global economy and honest about the internal issues that country faces. China just may surprise the global community…

  3. H&H,

    Thanks for this. The comments were interesting but i was more suprised that they actuslly have these sort of programs in english on mainland TV.

    I am not a big TV watcher, but I cannot think of an Australian programme that tackles the global issues in such a concise manner. Having said that, I think the panel members were walking a pretty fine line to not strongly critise the government – but I guess one would be doing that in authoritarian China. You are spot on – here in supposedly free Australia, what’s our excuse? Our media can’t muster the strength to get off the cheerleading and property spruiking bandwagon. I guess the power of concentrated media ownership and fear of the boss promotes a degree of self censorship that the Central Committee would be envious of.