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Helsing posted:So this guy used the public resources of the university and now he wants to move operations to another country so that he can claim exclusive benefits from the resulting research? Yeah, or evade regulatory requirements. See eg. all the stem cell treatments that are now available in China.
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Apr 7, 2014 21:42
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Gordon Chang's been writing that article for the last 10 years, I think.
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Apr 14, 2014 02:22
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I just noticed that he says "Hangzhou, once the world's largest city".. what, in the Song dynasty? Never change, Gordon.
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Apr 14, 2014 02:32
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The curtailment of the shadow credit markets makes a China-wide downturn this year more likely, but there have been problems and dislocations in specific local and regional Chinese property markets pretty much every year since the early 2000s (eg 40% drop in Shanghai in 2005-6), so it's hard to say whether a problem in Hangzhou is really evidence that This Is The Year for the national property bubble as a whole. No one really knows, basically, which is why Chang has been able to make a career of being wrong on China for 15+ years.
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Apr 14, 2014 03:56
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