Comments by "KK C" (@k.k.c8670) on "China's Careful Switch to Capitalism" video.

  1. Another point is in the 80s, China had the good fortune of a vast (and quite rich) diaspora in Singapore, Hong Kong, Thailand, Taiwan etc. Those were the people who primarily bankrolled the light manufacturing that set China on its course to be the shop floor to the world. Japanese, US and European countries came after that phase. Back in the 1980s and 90s, China used to send hoards of officials on study trips to Singapore and if you look at China even today, you see a lot of Singapore in it... Huge SOEs dominating the economy, superb urban planning, suzhou-style industrial parks, strict control of the populace, 1 party system management etc. Singapore especially shared a lot with China on governance and such after Deng xiaoping visited Singapore in 1978 and was impressed by how the majority ethnic-Chinese state was doing. They even had special university and policy programs for Chinese officials in Singapore. Subsequently, they also learned a lot from studying the Japanese system which Singapore also looked at in the 60s and 70s...tripartite relations between govt, industry and labour as an example. But today, the student has overtaken the teachers and has raced ahead in many aspects. A lot of the learning is now going the other way.
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  2.  @shaonan112  and yet, it gets off relatively easy from American and western scorn.
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  3.  @iamgreat1234  do explain why you think Singapore is vital to China. I can't think of a reason why. Maybe 30 years ago but...
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  4.  @christngouf2251  wow.. Learnt about soya bean from Europe! Lol. Giving you the benefit of doubt, please explain with some semblance of any evidence. Soya bean expertise from Europe eh.
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  5.  @DennisJ16  but very few 'succeeded'. Also, Singapore - style SOEs were not set up to provide jobs (although that's a side effect) but to corral expertise. Urban and business parks planning were also done with ease of production and doing business efficiently in mind, quite unlike the USSR model. Of course tripartite arrangement between labor, business and govt is quite a unique system that mostly came out of Japan.
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  6. In fact before reform, China had a 2 tier 'industry'.. Agriculture and heavy industry (Soviet style)... It's the light/medium manufacturing together with land reform/infrastructure investment that were the key.
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