Comments by "神州 Shenzhou" (@Shenzhou.) on "Is China's Economy Headed Towards Financial Crisis?" video.
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+Motoko Cheng Well you are entitled to your own opinion. Its true that our government controls the market, but if the government decides to open the market, it will be in a controlled release to reduce impact on local companies.
World economy can be likened to a wild, untamed river. It can be beneficial but it also can be harmful to people. Our government carefully monitors and introduces policies to protect our local industries from being overwhelmed by external companies. Western governments have a free market so they are exposed to unpredictable conditions, which is why they are being flooded with Chinese goods. So, our government has kept the local companies booming, but is slowly releasing the valve to allow a more free market, but while still being under government protection. Its not a perfect system, but it has helped us in the past.
Of course, the river analogy is overly simplified, but its the closest analogy I could think of. The slowdown is to cushion for a soft landing, not a hard landing like all those previous reports said.
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