US and Western Freedom is just promoting selfish interests for special interest groups and not the well being of people. China is doing the world and their people good. US just wants to create and sell weapons.
Mr. Budd you are, or were the most respected westerner on China. Looks like you are buying into the American propaganda rather than educating the west about how the east and the west can work together.
China is buried with $34 trillion in personal and corporate debt and they are not transparent with accounting. There are 50 million empty homes which amounts to about $5 trillion dollar in debt. When bubble burst in China, more than half of their population will lose job and no one will be able to help them. You can't even short stocks in Chinese stock market because shorting is illegal. US Great Recession is 1/10 of its size what is waiting for China. Not even IMF can help them.
Rudd puts China as a top threat, however, we bow to them, allow them to buy land, property n resources in the western world n we welcome them. We can always isolate china n do business w fellow democratic countries instead.
Xi wants control above anything and over everything. He wants to control Nansha islands, He wants to control Taiwan, Hong Kong. Xi wants so many things, but cannot even manage basic food safety, pollution or even the reliability of vaccines! Xi JinPing should do some basic housekeeping first. If Xi Jin Ping really wants MIC 2025 to happen, then do some real quality control. The Japanese did it. Why can't China? These are the questions China should ask themselves. Cause right now, the impression of MIC is that it is of shoddy quality! And for fxxk's sake, CHINA should stop spreading herself so thin by having your finger in every pie. Xi is just mucking it up. Concentrate domestically first.
Jan.07 -- Kevin Rudd, Asia Society president and former Australia prime minister, discusses the risks facing the global economy in 2019. He speaks on "Bloomberg Surveillance."
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