I used to be pessimistic about the future of China. I thought the government was inefficient and officials were all corruptive. Since late of 2006, through information from all kind of media, Jim Rogers' books and Steven N.s. Cheung's blog, I have believed that China will have a brilliant future.
Jim Rogers travelled around the world two times, he knows the ecnomics of over 100 countries; his believing in China cannot be wrong so easily. Professor Cheung, grew up in China, studied and worked in the US for years. He is a wise and rational ecnomist; I also do not think he can mistake on such problems. As a Chinese, Professor Cheung said he can write 3 books on criticising China's dark side, however, he admitted that Beijing must have done things quite correctly, otherwise, China cannot make such a historic progress in past 30 years. Charlie Munger, Warren Buffett's partner, the vice president of Berkhire Hathaway, said to those who resist Beijing Olympic early this year :" To ask yourself, does China become better or worse in these years?"
Moreover, I find that talent and wise people become to be in the right places in this country; the Mckinsey report How corporate China is evolving display this.
So, why China should not have a brilliant future?
