Sunday, September 5, 2010

Chinese billionaire on success, equality

This is a video interview between CNN correspondent Fareed Zakaria and Zhang Xin, a Chinese real-estate investor worth around$2 billion. Zhang Xin talks about the discontent that the Chinese people feel and express through social media networks such as Twitter. Even though GDP may be high, the people are feeling social discontent. She also discusses the state-run government operations in relation to her field of business and the effects of planned versus market economies. "We have no strategy.", she says of future business plans. The government sets a strategy and the market follows. "As imperfect as the market economy is, we still do not have a better system."
In response to relations with the US she says,"American glory is fading a bit." The job opportunities are better in China for graduates than in the US.
In China, women are experiencing higher levels of equality. She mentions the higher number of women CEO's than in other countries.

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