Saturday, February 23, 2013

Downloaded this book

The book on China's Development Bank is worth reading and shows how Ministry of Finance in China lost out against Ministry of Commerce over the past 10 years. Chen Yuan, son of Mao's former economic planer Chen Yun, transformed China's inland economy and is now using the same techniques to transform other developing countries. His successful approach to development is a kind of self-fulfilling prophecy by using big numbers. As history will teach us, this bubble will burst one day but on that day many people will be surprised to see how the World has changed. 

Secondly, it is important to compare China Development Bank with multilateral banks such as the World Bank or the Asian Development bank to put its impact into perseptive. 

Thirdly, this e-Book used paper from responsible sources which as admirable.

Beijing, January 2013.

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