Readers' comments (5)
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Caijing Reader 2009-05-22 13:18:29    post
very pessimistic opionions typical of Andy Xie, who\'s famous for that anyway, his analyses do make sense to some extent
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Caijing Reader 2009-05-13 01:33:55    post
that "structural problem", which the author is correct on, got different answers rather than an inevitable big recession
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Caijing Reader 2009-05-12 16:21:23    post
wonderfully.I don\'t think the global downturn makes anything impossible.
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Caijing Reader 2009-05-12 09:02:51    post
good!
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Caijing Reader 2009-05-11 22:02:45    post
Structural adjustment is going on, overcapacities will disappear pretty fast. In car industry, not only Chrysler but also GM will go bankrupt in 2009. In the banking sector, instead of US and UK zombie banks (just survived but unable to lend, Chinese banks can go to lend. What\'s the problem with this? As far as electric cars are concerned, they are completely OK for a start. (From an European point of view, this statement is too obvious). Technologies are getting matured in actual use, drawing boards are not good for that. Tell me a technology which had no state subsidees beforhand? The whole Silicon Valley was and is a recycling spin-off of US military budget. Too much illusions of the market....
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