Keyu Jin Quotes

A wise state needs to know when to recede... loosen its control and let the economy ride its... ebbs and flows. It needs to guide with a lighter hand... and greater skill, especially in this... era of knowledge and information.

The apparatus... effective in mobilizing... technology like electric vehicles and clean energy has... produced excess... steel and s... to flood... markets...

China’s economy faces major challenges... Catch-up growth is... different from innovation-based growth.

COVID-19... in early 2020 China chose to save lives and forsake economic output... the West... swinging the other direction.

The same approach applied to... acquire technology. In its rush to modernize... substandard products, copying and counterfeiting, and investments... with little... efficiency and consequence.

China’s economic story... serves as a cautionary tale. [I]n 1978... it began... major reforms... people were mired in poverty. In... ensuing decades, hundreds of millions... were lifted out of poverty. ...But ...[at] a high price ...below-market wages... low... return on... savings... cheaply built housing... environmental degradation and wasted resources... based on a high-cost, high-growth model.
A poor nation with ambitions... taking shortcuts. ...Rules and regulations ...bent ...to foster GDP growth. Unfair competition... between... insiders... and the... people... countenanced so long as capital flew in, investment grew, businesses boomed, and GDP surged.

Chinese citizens expect... government to take... large roles... and do not see interventions as infringements on liberty.

... indicates... 95 percent of Chinese... had... confidence in... government, compared to 33 percent in the US and 45 percent... in the rest of the world. As of 2022... 91 percent, compared to 39 percent in the US. ...[S]atisfaction levels tend to be lower for s.

[T]he Chinese... try to balance obligation and deference with free will.

In China, an interventionist state is rooted in , a hallmark... since Confucian times... intervention by a senior... is justified if it benefits a junior... This helps explain the... government... [urge] to steer the economy rather than just... markets... [a]nd... provides a rationale... to liberalize slowly... avoiding... risks, in contrast to... former Soviet bloc economies.

93 percent of Chinese... value security over freedom, as compared to... 28 percent of Americans.

China’s investment in ... 40 percent... of GDP... for a country... halfway through... urbanization... may not be high....

Chinese state... power... [and unparalleled] instruments... can... steer, manage, and push the economy... any direction. ...Policy directives, rules, and regulations can be set with little political obstruction. The state can scrap old rules and make new ones overnight... granting or denying... approvals and licenses, or leveraging the to serve a... goal. ...Internal controls and competition curb corruption. ...[C]ivic society holds ...government ...accountable ...Social media ...embodies a two-way monitoring platform ...

Entrepreneurs... balance... relationships with local officials... national policy directives, and... regulations...

Chinese households... make decisions on a collective... basis... a rich network of intergenerational relationships and duties... often... above... .