Keyu Jin - China: Beyond Socialism and Capitalism

Economist and China scholar Keyu Jin speaking at the Westminster Town Hall Forum in Minneapolis.
Dr. Jin is a tenured professor of economics at the London School of Economics and Political Science. Born and raised in Beijing, she attended high school and college in the United States and holds a BA, MA, and PhD in economics from Harvard University.
Her most recent book is The New China Playbook: Beyond Socialism and Capitalism. In it, she argues that many in the West misunderstand China’s economic and political models. She maintains that China became the most successful economic story of our time by shifting from primarily state-owned enterprises to an economy more focused on entrepreneurship and participation in the global economy.
Jin is an academic member of the China Finance 40 Group and has worked with the World Bank, the IMF, and the China Banking Regulatory Commission. She is a non-executive board member of the luxury conglomerate Richemont. She resides with her family in Beijing and London.
This program opens with a musical performance by pipa player Gao Hong and her students

[@greaterbayareahero1401]

I have huge respect for Dr Keyu Jin. I love her approach on how she conducts herself and reveals how deep the China culture is without being confrontational. A quality person.

[@ernahubbard2062]

why do you respect such a ccp propagandist?

[@greaterbayareahero1401]

@@ernahubbard2062 By the nature of your woke reply, you have convinced me that I am following the righteous path in life.

[@ernahubbard2062]

@@greaterbayareahero1401 learn some basic logic, my reply has nothing to do with your right or wrong. And how come my comment has anything to do with "woke"? Isn't woke left Marxism? What have you been drinking?

[@chrrev1]

10 years living in China, wonderful time.

[@freelunchforchildren4040]

We r going to Shenzhen soon, then we r going to Chengdu, Chongqing, Shanghai, Hanzhou, Busan & Seoul. The best way to know about China is to see it with your own eyes.

[@antwango]

you will have your mind BLOWN in China! Especially the cities youre going to and not even Xian or Beijing Nanjing is there!!!!

[@tubbietubby]

Nothing farther from the truth! That's a very open-minded point of view! As I always tell people, if you are going to believe everything reported in the main stream media, then please read the main stream media not only from the the U.S. or the West (with narratives predominately lead by the states), but also from China, Russia, & other parts of the world (read or watch the English version if one doesnt understand their local languages). The best is be there or live there for a while before you judge.

[@xxlxxl3153]

congratulation! these are lovely places to visit. especially in China.

[@seekx2y556]

@@xiu-li You have lived there for 20 years? Are you living in a dream? Did China arrange 1.4 billion people to perform for you?

[@rtyry-br3ujgyutyu]

@@xiu-li Dude, you must've never lived in America. I started getting scam phone calls and text messages a few months after I came here and got a new number. The scariest thing is the scammers call me by my real name. Every single person I know in America gets scam calls on a regular basis.

[@TheFantomRogue]

Dr Keyu Jin....... a brilliant scholar and human being!

[@emeritusdavidteo5553]

Professor Jin Keye is the daughter of Jin Lijun, current President of AIIB and China's former Vice Minister of Finance. She has the intellectual brilliance of her father. With a Harvard PhD, a tenured Professorship at the LSE and experiences with the World Bank, IMF and China's banking regulatory authorities, she'll be the man to watch for the next generation of Chinese leadership. I'm sure she'll be the voice of rationality for not just China, but the global community. We in Singapore wish her well. For a better understanding of the psyche of the Chinese, I suggest American and European readers also Google alternative China watchers like Professor Mahbubani, Prof Jeffrey Sachs, Prof John Mearsheimer and Mr George Yeo, the former Foreign Minister of Singapore. Readers should also understand that Prof Jin is a Harvard graduate and teaching at the British LSE. She's an economist by training and not a politician by profession. We can expect her to excel in economics, but not to corner her to answer questions which she herself said is not her domain expertise.

[@user-kb9bd5tt8f]

Not John mearsheimer

[@PhiloSurfer]

She'll be the man to watch??? I know in America you have 72 genders, but can we agree on whether she is a woman or a man. Or has she declared herself to be a man?

[@Time4Peace]

Mearsheimer is an anti-China hawk. He believes that US/West is wrong to target Russia. China should be the target.

[@thisiskevin1000]

George Yeo is the former deputy FM of Singapore. Second in line to his boss former FM Kishore Mahbubhani

[@cd7707a]

I doubt she has any influence as long as Xi is in charge. These western educated Chinese princeling technocrats used to run China till Xi took over. Now they are too western in China and too Chinese in the US.

[@yuewei-gq7wg]

as a Chinese and one of the new generation，I want to say that she really gets the whole picture of China today，objective and precise

[@EZ-rs5zv]

A rare voice of reason on China, thank you Dr. Jin!

[@tonyxu1800]

The music is so calm and comfortable. Hopefully it reflects the situation where we are. It is so hard for China to grow strength even Chinese works so hard, and wants to live peacefully.

[@xiu-li]

Of course when you are a little pink.

[@WWLooi-js8rl]

​@@xiu-liSounds like a 1450 from Taiwan....

[@mechannel7046]

Dr. Keyu Jin is a brilliant scholar. Always glad to hear her talk

[@seabreeze863]

So sad to see how ignorant and brainwashed Americans are when it comes to China. But understandable given the constant fear mongering and anti China propaganda being constantly spewed on western media outlets. I hope this talk will encourage others to get outside of their echo chambers. Kudos to the speaker for handling these questions with such patience and aplomb. For other China perspectives, I encourage people to also read economist Michael Hudson and Ben Norton of Geo Political Economy Report. The music performances at the beginning were quite lovely.

[@maryhuckaby2239]

Totally agree about Michael Hudson and Ben Norton - both wonderful resources on international affairs. Also, they are American experts so they can be straightforward about the rotten attitude of the U.S. government towards China. Dr Keyu Ji seemed to be walking on eggshells on U.S./China relations and maybe feels that her role needs to be more of an ambassador than analyst/critic.

[@GIZMO3380]

Agree. 1. She mention China n Hongkong are two countries 2. She is not even direct enough to recognise that Taiwan is part of China as is recognised by majority of the countries. Said when you are out of China U are pressured to criticise China.😅

[@typicalKAMBlover21]

@@GIZMO3380 she simply made a mistake about Hong Kong. She is not a politician but was asked to address all these highly sensitive questions. The pressure was too high. Similarly she talked about China (sic) being neighbor of China. What she meant was Russia.

[@agoodchow]

" So sad to see how ignorant and brainwashed Americans are when it comes to China. " Not just Americans, pretty well the entire West + Japan + India

[@janneyovertheocean9558]

Brainwashed Americans?? Are you kidding? Under what standards are you comparing the two nations and coming up with this kind of conclusion? I am fluent in both Chinese and English and know both nations quite well. I cannot agree with this assessment. The only segment of Americans that are potentially vulnerable to brainwashing are the students studying under a progressive high school teacher or college professor.

[@stanleyhuynh1659]

I really like her for candid positive comments.

[@annamiao7867]

Chinese are clever people

[@fannyalbi9040]

not really u know. actually it is my superpower indian. u know my race indian is very smart. the west ancestry trace us to arian super race

[@davidchiang100]

I give you credit for being sarcastic without sounding sarcastic. ​@@fannyalbi9040

[@qingshanyipian1936]

Buy far one of the best and smartest person anywhere. Simply put brilliant

[@emeraldtan1000]

What I don't understand is how the West and US are more concern of the people in China well being but not with their own country governing of their own people lives.

[@koenigamd]

It goes back to the root of Christianity😅

[@tonytan6547]

exactly,hahaha, that's the difference between the two.

[@jackreacher8858]

Bse Chinese are very rich man !

[@stephenlock7236]

The classic dog in the manger mentality of the US and West European regimes.

[@MJTUEN]

The host was not even sure about his country's stance on Taiwan. Utterly shameful. Go study Nixon, Jimmy Carter and the UN and more than 100+ countries' position on Taiwan, which is Taiwan is part of China!!! A very biased host to say the least. Dr. Jin was being very diplomatic to this skewed host.

[@emeritusdavidteo5553]

But I'm sure you'll agree that he's much better than CNN's, BBC's, MSNBC and Fox hosts?

[@sophiebao6241]

Thank you to the Chinese musicians for showcasing the beautiful Chinese instruments and music.

[@yaoypl]

Well said. Yep, we are here to stay, nobody going anywhere. Let’s work thing out together.

[@polycadence8482]

What Keyu Jin is woefully neglecting is that Global South nations especially those impoverished countries now are counting on China to lift them out of poverty and assist them on economic development, after over a century of exploitation at the hands of Western imperial powers.

[@koenigamd]

Has the news of "One Belt One Road" reached your remote corners of the world?

[@TheFantomRogue]

she's being diplomatic .... being the host country and all.....but you're spot on! WESTERN nations left Africa to die until CHINA decided to help with the Belt and Road infrastructure project

[@louisschumacher]

China has been helping Indonesia and Africa to build railways and factories at very reasonable cost or very low rate loan.

[@jackreacher8858]

@@TheFantomRogue West helps Africa a little

[@jamesz80]

In reality, Africa needs to help itself, no one will really help you unless you have something to offer them in exchange.

[@horridohobbies]

When you have a massive project like the Belt and Road Initiative, it is inevitable that you will hit some speed bumps. Nothing ever goes perfectly. However, overall, the BRI is a great success. Over 150 countries participate in the BRI. China is not predatory when it comes to loans. China has never seized foreign assets over debt default.

[@cd7707a]

Depends on who you talk to and how you measure success. 1 trillion dollars if you ask me as a Chinese should be spend domestically on providing a safety net for the 600million in poverty.

[@bartonlee3594]

I think the money would be better spent at home on solving the housing cost crisis.

[@truthseeker000000]

Dr Jin Keyu is very eloquent and spot on her analysis of US-China relations, Geo-politics and China’s economy and business.

[@jackreacher8858]

She is doing her best to better the relationship between China and USA . Herculean efforts needed but I hopeful this 2 great nation will become buddy nation . China might need to hold her nose tbs

[@amunra5330]

Excellent talk by Dr Keyu Jin- and a wonderful Q&A session.

[@vidsurf88]

People never admits that they need a heavy hand to keep them in track ... why do you think we have religions and laws ... freedom is just a word with no meaning if abused ... China has done remarkable trying to balance governance

[@monipenny408]

More importantly, I think it is also a matter of choice. China must respect the democratic rights of western powers to retain their "illusionary" freedom. All the same, democratic west must also respect China's chosen model of government, after all democracy is about choices right!

[@aniksamiurrahman6365]

It's not heavy hand. The thing is - everyone acts according to their own interest and benefit. But an average person or a small business only can has their surroundings to look at. Only a bigger entity, who has a global view can guide what's better on the long run on a larger milieu. Even then, a for-profit organization can never go beyond profit-optimization. This is here govt is needed.

[@bartonlee3594]

"need a heavy hand" ?? So the government has to oppress dissentors?

[@Csilva857]

​@@aniksamiurrahman6365 This was a great take ! Government needs to help guide the society, Profit optimizations will know no bounds.

[@honahwikeepa2115]

Massive respect 👏👍🇳🇿

[@alanweiss1288]

He’s bombarding Jin with so many questions relating to geopolictics than about economics to an economist? Gosh!!

[@jackreacher8858]

Always first SECURITY

[@fannyalbi9040]

political and ideology correctness frame 🖼 , that what makes the west stagnant and stupid. mark my words, it is laughable facts 😂

[@aniksamiurrahman6365]

What disgusts me is - why does anyone has to answer on their nation's political or military action? Who asks I_s_r_a_e_l or US about their m_a_s_s m_u_r_d_e_r_s? Who asks US about their iron rod weilding over everyone's shoulder? Also, who's US/UK on what happen to Taiwan? By democratic ideology, it's the people therein who has the right to decide. But foreign govt.? Who are they?

[@bartonlee3594]

The two are connected, my friend. I liked her response about how the CPC needs to loosen its restrictions on people.

[@bartonlee3594]

@@aniksamiurrahman6365 Yeah, let's never discuss politics. Best to focus on $$ and on entertainment? Okay, my friend.

[@ThangboiOM]

Both beautiful and smart. Beauty with brain. Love listening to her.

[@ariesmarsexpress]

I am not sure how much I agree with "there needs to be a lot more market and a lot less state". Being an American who has had the advantage of having lived in China for a time, the thing that keeps China safe from much of what I can only describe as the suicidal chaos of having big business own your government, is the unmitigated power of the Chinese people over the powerful business leaders who if left unrestricted would have very little issue doing exactly the same thing to China as they have done to the U.S. which has been to leave it a desolate mad max wasteland complete with roaming bands of thieves and killers.

[@jackreacher8858]

YUP

[@ssuwandi3240]

Capitalism isn't bad but in the US that system has been hijacked by the Deepstate. I bet you never heard who they are but even the UK shortest tenured PM has spoken out because her policy was literally stabbed by the insiders without giving chances to negotiate as main party in power. . I am just speechless how deeply ignorant Americans to their own country are until someone like Trump has voluntarily stepped up and rallied head to head with this evil group. Other billionaires had laughed him out until very recently changed the tunes. It's too late

[@ssuwandi3240]

Every mouthpiece who defended Bidenomics is likely part of that group. They've been groomed for so long they cannot leave but Trump has and that's why they want to rid him

[@patrick_lee]

well said.

[@taocook6526]

US and China are sort of two different systems. The govt power are restricted in US while unbounded in China. Business impact are more powerful in US while being pressed in China. Chinese one-party dictatorship makes its leaders look/act like dictators but they are not exactly the types of dictator as western people think. US Business leaders in US big corps have much more power than their Chinese counterparts.

[@nandikaa471]

Dr Keyu Jin is a true world ambassador.

[@stephenlock7236]

So unlike the crazed, crude, rude, uncivilised bad behaviour of Americans the likes of Janet Yellen, Antony Blinken and that Raimondo women

[@easemoney100]

狗喜欢狗，可以理解

[@user-yw5hm4fy2i]

👏💯🌹Lovely traditional Chinese instrument musicals melodies 🎶 for the introductions 👍..

[@BestFitSquareChannel]

amerikkka seeks to dominate, China looks to collaborate. bullying is born of fear. Collaboration born of courage. amerikkka needs to grow.

[@jackreacher8858]

YANKEE GO HOME

[@stevenliu3744]

yea they are young in terms of empire, def making a lot of mistakes the Chinese made back around 1400 years ago..

[@ahkoy973]

Great presentation Dr Jin

[@urimtefiki226]

China is unstoppable in every aspect of development, a country with big markets and innovations, there are no sign of communism when they speak they even look better in explaining ideas that the West. I have lived myself in communist country in YU which was the best version of communism but still was very bad ideology, this way of thinking of Chinese it doesn't look to me communist at all. To me it looks more like socialist country than a communist one. If you would not know that are Chinese and show you for the first time and you measure their content you would think that their quality of values is much higher than the West, to me it looks more Confucianism than the Communism. The West has no chance to compete for the moment each new day is new achievements for them especially in electronics, robotics and machines, extremely motivated for progress, the West is more like lazy society which is based on empty mixture of words rather than real values. The center of ideas has already shifted in China. Five years from now things will be even more clear for the people of the world. Let's see what will happen.

[@tomlonghaymingway9396]

Great music, insightful speech, tough questions from the audience and wise answers😊 Thank you Dr. Jin and organizer.

[@befeleme]

"It does not matter if a cat is black or white, as long as it catches mice." - Deng Xiaoping

[@ariesmarsexpress]

The ethical way to think about China, Taiwan, and the rest of the world is that Taiwan is legally a part of China and it will remain that way. That is a fact, it will not be changing. Denial is not a river in Egypt. I mean if the U.S. wants an Island in Southeast Asia, it already has the Philippines and in over 100 years, it has not improved under its expert guidance.

[@aniksamiurrahman6365]

I take it a different route. It's for the people of Taiwan to decide. And foreign govt. interfaring in that is serious violation of democracy and sovereignty.

[@ariesmarsexpress]

@@aniksamiurrahman6365 Taiwan is China already. The foreign government in this situation is the United States. It is no more Taiwan's decision than it would be New York's decision to secede from the United States. If the Confederate government had fled to St. Simons Island, that would not make it a different country.

[@lewingslewings9785]

Dr. Jin knows taiji so well in all her reply.

[@typicalKAMBlover21]

Kudos to her bravery to give a talk in such a time. One thing I’m not certain. People say one child policy limited the birth rate. But I think the education of woman probably had more effect on it.

[@gracetse1276]

The one child policy was cruel but China can't feed so many people that time. My parents generation was starved.

[@tonym842]

Education, the best birth control for women.

[@agoodchow]

Both factors --- One more significant in the past and One more significant nowadays --- had added up.

[@typicalKAMBlover21]

@@gracetse1276 So have we been told. So have we been taught. I also believed that to be Chinese means to believe that the one child policy was crucial in avoiding the starvation of my parents’ generation. But I bet the Great Leap Forward and cultural revolution had more of a role to play in the starvation part. But to pin the population effect of all these factors is really hard.

[@typicalKAMBlover21]

@@agoodchow I’m not so sure that population shrinking from 1970 to 1980 was due to government policy. Because one child policy started in 1980. And after 1980, the population growth actually increased, until 1990. I don’t know how effective the one child policy really is. Although I do remember growing up in the 80/90’s (I was born in 82 and was affected by it), it’s something that was in the propaganda all the time.

[@TheFantomRogue]

I'm British and have been living in Asia for the last 20 years.....ONE advice i'd give to people is: GO and visit China and other countries outside of the US, UK etc......you will be pleasantly surprised and will be ANGRY at your government and the western media for all the 'news' you're fed everyday since you were born lol .....wishing you a happy 'enlightenment'

[@LanNguyen-vd4zt]

I call B.S on your comment

[@nightowl7261]

@@LanNguyen-vd4zt A jealous viet lololol. Vietnamese should join India and form the jealous organization of China in Asia. You can get America to fund you.

[@nightowl7261]

@@LanNguyen-vd4zt Vietnamese = Chinese clones

[@nightowl7261]

@@LanNguyen-vd4zt Why viet so jealous? Lol

[@LanNguyen-vd4zt]

@@nightowl7261 50 cents for you

[@longyou8254]

Wonderful presentation, thx Dr. Jin

[@jz7865]

She is very smart scholar, like her talk.

[@horridohobbies]

The United Nations does not recognise Taiwan as an independent state. Neither does the United States. So in what sense is Taiwan not part of China? By international law, Taiwan is part of China. Moreover, the entire world subscribes to the One China principle. Now, here's a crucial question: What right does the outside world have to interfere in China's domestic matter regarding Taiwan? Here's another crucial question: Does the outside world want to fight a devastating war with China over Taiwan? Why? Has anyone given any thought to what war with China would be like? The world economy would collapse; all nations would suffer. Millions of lives would be lost to years of bombing, shooting, starvation and, in the worst case, nuclear destruction. Who in their right mind wants this?

[@urimtefiki226]

I had heard Taiwan but never new what was happening there, even today I am not concerned at all with Taiwan, I am looking for my family my problems are more important than chips in Taiwan. But if you want to shift my focus from my family, bullshiter I am telling you are wrong.

[@ahmuqasim7540]

I read a research paper claiming that the size of government in GDP for both China and USA is about 37 percent. So why do we think that China is less market oriented than USA? True the narratives are different. The ruling class in China talks about socialism, while the one in USA talks about markets. But in reality not much difference. The difference between the two countries is political than economic. But even politically they are not that different. Both are ruled by their respective elite. However the ways the elites are organized are different.

[@tonytan6547]

And USA grows its GDP by making their services very expensive ,thus making Their GDP very big

[@junizhao]

China cannot let capital control the state. State has to stay strong.

[@josueramos6449]

A very honest point of view of a person that really knows his countries and the US. Shortly, in china the capital serves the interest of the state, they can't do what they want, in the very opposite of US.

[@gzhou5432]

Dr.Jin thanks

[@koa818]

hi i am new 🇧🇼 From South east Asia. 👍👍👍👍👍👍👍

[@catinbootsnow4267]

When geopolitics mess more with international economics, this will change the science of economics, and bring more deep study of the theory, models and practices of political intervention of international economics.

[@DannyChau7]

The human collective needs to work on a totally different path to the one we're on at present. For far too long we have used money as a form of encouragement, as from our consumer economy, we're polluting our only home and depleting our finite resources. We now process the technology to allow enough food and housing for every person on this planet, what we lack is consciousness and will to make this change which is not at all impossible. Instead of promoting wealth for the individual where greed is considered the norm, we should be aiming to share our resources for the greater good of humanity. We are infinite souls experiencing separation in a human vessel, we come with nothing and to leave with nothing except our 'experience'.

[@tubbietubby]

I wish the politicians and leaders of America are as smart as Dr. Keyu Jin.

[@alfredchwong26]

I still need to understand more about China’s growing economy and productivity.

[@stevenliew2507]

I suggest you visit China Trade Fairs for start . After that, try to make some friends there which will later on provide you insights into China Manufacturers and Business People. The rest is up to you to either accept or reject an alternative to Western MSM Propaganda. You won't be disappointed for your 1st visit if you have never been there. Start of from Hong Kong, then in Shenzhen, Kwongzhou, Shanghai and Beijing.

[@fannyalbi9040]

to know india’s economy n productivity is much useful than china one

[@nextday7417]

Excellent talk, as to what educated, sharp and fair.

[@mabo3506]

Maybe the west needs to start learning from China instead of seeing its massive productivity as a threat to western commerce and employment. Working with China and adopting better highly productive manufacturing in the west to produce more and more competitive goods that everyone would want to purchase and so compete with the value goods coming out of China today. MAY FOOD AND OUR EVERYDAY HOUSEHOLD APPLIANCES BECOME MORE AND MORE AFFORDABLE. That is what this consumer world requires.

[@berhanegebriel3155]

Communication with an open heart and mind can solve the many problems we ALL are facing everyday . The problem is when one comes in that premiss but the other has a hidden agenda behind and LOADS of PRIDE. The low income in this U.S.A. depended on Dollar Tree stores for almost everything nowadays these stores shelves are empty. A 1000 of these stores will be closed very soon. That is going to be a big PUNCH on the face.

[@icoco333]

I have to find her book's cliff note. She peaks my brain. In my next life, I will get in Harvard & date a girl like her :(). Man, she is insightful & thought-provoking. Peace & conflict have to co-exist, at the same time, & at least until we have a mature balance with predictable paths.

[@DPtdryste]

39:50 for talk

[@walterchin8832]

Beautiful Chinese instrumental renditions of various tones of Chinese music with Chinese instruments.

[@cityofgardenerssg318]

China's position is the same as that in the UN, ie 1 China. Taiwan can do anything it wants, as long as it is 1 China

[@horridohobbies]

I don't understand the question about Hong Kong. Hong Kong was returned to China from the British in 1997. It is indisputably part of China. What's the issue??? Hawaii is part of the USA, which took the islands in 1893 by overthrowing the Hawaiian monarchy. Why isn't this an issue? Hong Kong is nobody's damn business but the Chinese.

[@CyberneticOrganism01]

Some people care, some Americans care. If you don't care... I respect your choice. But that doesn't mean that Hong Kong is not facing some problems. I'm from Hong Kong.

[@CyberneticOrganism01]

Why is Hawaii not anyone's concern just because you don't care about Hawaii?

[@horridohobbies]

@@CyberneticOrganism01 Then you are familiar with Nury Vittachi, right? He's a prominent Hong Kong journalist who debunks Western propaganda about Hong Kong. I'm certain Hong Kong faces some problems. What city or country in the world doesn't? But most of the stories about Hong Kong from Western media are garbage.

[@CyberneticOrganism01]

@@horridohobbies It's not easy to describe what's happening in Hong Kong or in China 1) democratic protests in 2019 had been crushed by government 2) some of those protesters might have been infiltrators who wanted to sabotage the movement 3) Hong Kong as of now does NOT actually have democracy but some people continue to fight for it, including myself (though in 2019 I was among those who criticized the protests, and I thought democracy was bad for China) 4) the Chinese people are advancing and learning quickly, but they're focused on technologies and making money while their political ideology remains very backwards and barbaric ... time and resources are squandered on in-fighting... everyone is everyone's enemy... people lying through their teeth are seen as smart and successful, like this speaker 😑 5) if a country does not respect freedom of speech, those in power could make up any story they want, and many Chinese have no sense of why freedom of any form is important. Like this woman praising the current government because doing so is in her interest ... I was American-educated... I spend a lot of time trying to spread ideas of democracy and freedom in China... as a result I suffer censorship on a daily basis... this is an on-going struggle... if the balance is tipped, people like me could end up in jail or even dead... and this woman is defending the staus quo... no wonder so many comments say she is "smart" 😮‍💨

[@horridohobbies]

@@CyberneticOrganism01 I suggest you read Nury Vittachi for a better perspective.

[@k.i.m.5506]

Exquisite pipa playing, sounds like large and small pearls falling onto a jade plate.❤

[@josephlee4337]

I cannot find the words to describe the astoundingly beautiful sounds that have on my body and soul.

[@RudyTruly]

She is pretty for an economist

[@horridohobbies]

I did a quick-and-dirty, back-of-the-envelope calculation comparing GDP growth between China and India... Optimistically, assume 7% GDP growth for India over the next 50 years. Assume 4% GDP growth for China over the same period. India: 1.07^50 = 29.5 China: 1.04^50 * 4.7 = 33.4 [China's GDP is 4.7X larger than India's.] So, after 50 years, India still can't catch up with China.

[@monipenny408]

simply because the underlying power structure is very much the old feudal oligarchs.

[@N9O]

The presentation is starting at 39:54 to those who are just here for that :)

[@aniksamiurrahman6365]

thnx

[@jamesl.o.h.6000]

I enjoy this talks very much esp the perspective from prof Jin. She's brilliant

[@johnli6782]

Though she may be well studied in economics, based on pren2020 data or so. However, she is already behind the times in terms of evolution of China, where it's evolving on a monthly basis politically, economically, and socially.

[@daisjiaren]

right.

[@snnytn]

Check out her dad identity first before saying that....

[@johnli6782]

@snnytn Why? You know she's in regular communication with her Dad, or her Dad is regular communication with the standing committee.

[@jackreacher8858]

You are implying she is slow . LOL

[@jackreacher8858]

@@johnli6782 SO YOU KNOW LOL

[@nawafdreams]

🎯 Key Takeaways for quick navigation: 00:00🎶 Opening music performance by Chinese ensemble - Chinese performs traditional music on instruments like Hu Lu, Chinese Flute, and Gu Zheng. - The ensemble introduces the instruments and provides context about the musical pieces. 07:07 *🎻 Continued music performance by Chinese ensemble* - The ensemble continues to showcase their musical talents, performing additional traditional Chinese pieces. - The performers demonstrate the unique playing techniques and sounds of their instruments. 16:21 *🇨🇳 Introducing the speaker, Dr. Keyu Jin* - The director of the Westminster Town Hall Forum introduces the speaker, Dr. Keyu Jin, a renowned economist and expert on China. - Dr. Jin shares her personal story of coming to the US as a teenager and experiencing the differences between China and America. - She explains her goal to provide a different perspective on China, beyond the emotional and sensationalized narratives. 42:55 *🔍 Common misunderstandings about China's economic model* - Dr. Jin notes that one of the biggest misunderstandings about China is how its economic model actually works. - She states that there are 30 million private companies in China, suggesting the economy is more complex than commonly portrayed. - Dr. Jin aims to provide a different lens to understand China's unique economic and political system. 43:09 *🏭 China's decentralized economic model* - China has over 30 million private companies that have emerged rapidly in recent decades, contrary to perceptions of a centralized system. - Local government officials, like mayors, have incentives to support and help private entrepreneurs succeed, leading to rapid economic growth. 47:45 *🤝 The role of the state in China's development* - Dr. Jin acknowledges the tensions around the state's role, but argues emerging markets often need more state capacity and coordination to spur development. - China's high-growth, high-cost model has problems, but also lifted a billion people out of poverty, highlighting the tradeoffs. - Despite current challenges, Dr. Jin believes China still has potential for further growth and development. 51:09 *📈 Misunderstandings about China's aspirations* - China's main focus is on domestic challenges, not overtaking the U.S. as a global power. - China sees the rise of other developing economies like India and Africa as opportunities, not threats. - China is focused on upgrading its industries and moving up the global value chain, not just producing cheap goods. 55:21 *🧠 The new generation of Chinese* - The post-1980s generation in China is vastly different from previous generations, being more open-minded, innovative, and globally connected. - This generation is more focused on leisure, consumption, and borrowing, not just saving. - The one-child policy has also helped close the gender gap in education and leadership. 01:04:13 *challenge China's economic model* - The real estate crisis and broader economic slowdown in China are testing the limits of the country's development model. - Dr. Jin acknowledges the need for China to shift towards more market-oriented reforms, with less state control. - However, she believes China still has significant potential for further growth and development, even if the pace of expansion slows. 01:07:00 *💰 China's aspirations for internationalizing the renminbi* - China has ambitions to internationalize its currency, the renminbi, to challenge the dominance of the U.S. dollar. - However, Dr. Jin notes this is an extremely difficult goal, as the U.S. financial system and Treasury market are deeply entrenched. - She suggests there may be desires in the developing world for alternative financial systems, but replacing the dollar remains a massive challenge for China. 01:08:09 *🇭🇰 The relationship between Hong Kong and mainland China* - The fate of Hong Kong and mainland China are closely linked, as Hong Kong serves as a financial center and gateway for China. - While there are challenges, Hong Kong residents remain optimistic about reinvigorating their economy and finding ways to coexist with the mainland. - There are complex cultural and historical factors that shape the Hong Kong-China relationship. 01:11:06 *🌍 China's Belt and Road Initiative* - The Belt and Road Initiative was China's vision to build global infrastructure, but it faced implementation challenges and debt concerns. - The younger generation in China is less focused on hard power and geopolitics, and more interested in soft power and innovation. - There are debates in China about its global role and values, just as there are in the U.S. about America's global engagement. 01:15:14 *🛍️ China's approach to intellectual property protection* - China has historically had weak intellectual property protection, but is now working to improve its legal framework and enforcement. - This is important not just for foreign companies, but also for fostering domestic innovation within China. - The cultural attitudes around intellectual property are also shifting, with efforts to educate the public, especially the younger generation. 01:16:38 *🇹🇼 The complex issue of China and Taiwan* - There are concerns and uncertainties around the China-Taiwan relationship, but Dr. Jin emphasizes the importance of dialogue and avoiding conflict. - The majority of Taiwanese prefer the status quo, rather than independence or unification with China. - Miscalculations and misunderstandings could escalate tensions, but there are also signs that the Chinese leadership values stability and peace in the region. 01:21:15 *🤝 The balance of state and market in China's economic model* - China's model is not strictly communist, but rather a unique balance of state coordination and market mechanisms. - As China develops, Dr. Jin believes it needs to move towards a greater reliance on market forces and less state intervention. - However, the optimal balance and role of the state is an ongoing debate, both within China and internationally. 01:22:22 *🧑‍🎓 The changing dynamics under President Xi Jinping* - The younger generation in China desires a freer and more open society, but they are also skeptical of the problems faced by Western democracies. - President Xi's agenda has shifted towards greater control and a more prominent role for the state, which has raised concerns but also reflects broader global trends around equity and the relationship between politics and capital. - Experts argue China needs to maintain a pro-growth agenda, while also addressing issues of equity and social welfare in a more balanced manner. 01:25:32 *🚘 Potential trade wars and tariffs* - Tariffs and protectionist policies, like those proposed by U.S. presidents, would likely lead to retaliation and higher prices for consumers, without addressing the underlying economic issues. - China would likely find ways to work around trade barriers, such as increasing investment and production in other countries. - The interconnected nature of the global economy makes it difficult to completely decouple the U.S. and Chinese economies, despite political tensions. 01:28:01 *🧑‍🎓 China's demographic challenges and education system* - China's aging population and declining birth rates are a concern, but the more urgent challenge is the skills and education mismatch in the workforce. - China needs to focus on providing the right technical and vocational training to meet the demands of its rapidly evolving economy. - The high cost of education, especially for urban families with only one child, has caused significant anxiety and led to government intervention in the education sector. 01:30:48 *🏫 Challenges in China's education system* - China's education system focused heavily on standardized testing, which has limitations but also provided opportunities for social mobility. - Reforming the education system is a challenge as China seeks to become more innovative, but a one-size-fits-all American model may not work for China's scale. - The education system and its pressures have contributed to anxiety among the younger generation in China. 01:31:43 *🤖 Concerns over Chinese tech companies and data* - Data privacy and national security concerns have led to debates around Chinese tech companies like TikTok operating in the US. - However, Dr. Jin cautions against overly broad restrictions, noting the need to balance national security with upholding free market principles. - She suggests a more targeted, narrow approach to addressing specific data and security concerns rather than sweeping bans. 01:33:33 *🌐 Maintaining open communication and collaboration* - Dr. Jin emphasizes the importance of keeping communication channels open between people, businesses, and leadership in the US and China. - She highlights areas like student exchanges, scientific collaboration, and small victories in cooperation (e.g. on fentanyl) as ways to build trust over time. Made with HARPA AI

[@harbinger6562]

Hi Dr Keyu❤️🇨🇳🇺🇲🙏😇🌹

[@deerbeau]

Dr Keyu Jin started at 39:50.

[@aniksamiurrahman6365]

thnx

[@terencefoo5633]

The Facebook page of Westminster Townhall Form says, "Since 1980, The Westminster Town Hall Forum engages the public in reflection and dialogue on the critical issues of our day from an ethical perspective". I admire Dr Keyu Jin greatly for her ability to speak so eloquently and also her very understanding of China. I have one big disappointment in regard to her speech - a missing critism of USA's containment of China. This containment or as many have put it, the US attempt to destroy China's economic growth, is a monumental ethical issue and should have been pointed by Dr Jin. It doesn't matter whether it's China or India or any other country, to stop or reverse the economic growth of a country and therefore potentially bring back poverty to the people of that country is unethical and immoral. In fact, I would define it as an act against humanity.

[@havencat9337]

people in UK/US needs to visit Asia to see what development means... Im a brit living in CN and ihave to say we are wrong to be confrontational. better work together work together for a better world !

[@yuchoyho1381]

谢谢金刻羽教授，你的言论合乎情理。感谢上帝。

[@carmenlajoie2719]

State media in China have amazing journalists on CGTN The Point-Hub-Heat. Documentaries Terracotta Warriors-Spring Festival-Tibet.. Just amazing. Reporterfy Media

[@stanbimi]

As Yanis Varoufakis wrote in one of his books on basic economics, it's impossible to remove politics from economics. Quite understandable why so many of the questions directed at Dr. Jin were about geopolitics.

[@lordofking2311]

Amazing play

[@aniksamiurrahman6365]

She's so polite!

[@harbinger6562]

Thank you ❤️🇨🇳🇺🇲🙏😇👋

[@venom-kc7ri]

Beauty with brains❤

[@SamZeroKG]

One word... Eloquent....

[@KOKAYI69]

Gallup defines a Talent as a noticeable pattern of thought, feeling and behavior that can be productively applied!

[@harbinger6562]

Good morning Keyu ❤️🇨🇳🙏😇🌹

[@mohamedafoukal403]

woow socialism and capitalism : innovation way of History

[@hamyunghui3680]

This is real given from heaven, the combination of genius and beauty....only comes from heaven

[@chookyrobert973]

Keyin Jin very good ideology talk speedy response. Very respectable

[@harbinger6562]

Hi Keyu ❤️🇺🇲🇨🇳🦾😇🌹

[@jackreacher8858]

YUP YUP YUP

[@spiritofthetime21]

It's all about balance. Capitalism is powerful because its based on human desire and greed, but it needs to be tamed.

[@roro4787]

Keyu Jin is an amazing speaker, really wonderful to see such discussions!! I would live to hear such perspectives in India, its always one sided news here...

[@tonytan6547]

very much self delusion

[@nunoalexandre6408]

Love it!!!!!!!

[@calebtot]

Before the talk: Going into this talk, I am both curious and cautious. My initial reaction stems from a concern that anyone with significant influence in discussions about China might face pressures from governmental authorities, given the CCP's reputation for stringent control over narratives. I'm keenly aware that the CCP may be deliberately infiltrating Western institutions to shape discourse, which is troubling given the stark differences in values-particularly the Western emphasis on individualism versus authoritarian governance. That said, I'm here to listen and understand how Dr. Jin, representing a prestigious Western institution like the LSE, navigates these complex topics. I look forward to seeing whether she addresses these nuances and what insights she can provide. After the talk: Having listened to Dr. Jin, I found her perspective on China’s system and its potential lessons for the West interesting but not entirely convincing. Her optimistic take on China’s influence, especially regarding neighboring countries like India and Vietnam, and resilience against US sanctions was noted. However, the absence of concrete data or examples left me skeptical of the broad claims made. My recent interactions with Chinese exchange students were particularly enlightening. They were open-minded and curious, yet I noticed a contrast in how we connect with our pasts. While Americans often celebrate and openly discuss our heritage and historical values, the students appeared to have a different, perhaps less pronounced connection to their own historical narratives. This observation has made me reflect on the diverse ways cultures understand and prioritize their histories. While I remain open to friendships and learning from Chinese peers, I am also deeply aware of the core American values of individualism and resilience. The U.S. thrives on its people, not just its institutions, and adapts continually, which reassures me about our capacity to evolve and handle global shifts. Importantly, should any foreign power attempt to impose constraints or policies that clash with our deeply held values, as Americans, we will actively resist and maintain our autonomy, regardless of institutional weaknesses. It’s a complex, evolving relationship, and I’m curious to see how it will develop in the face of global challenges.

[@urimtefiki226]

Return the monetary system to the gold, and there will be no chance for manipulation - the only solution fair for everyone in the world.

[@walid7885]

Chinese music is beautiful.

[@8724jimmy]

Great platform and host/speaker. yet, many questions should have been answered by Dr. Chang Wei-Wei in China. You could get more accurate information/introduction for audiences. Maybe an online secession of four hours could earn full set of understanding, in which 50% of the time could be for Q&As.

[@wtkh]

Translation After Wang Zhi'an bumped into Qin Hui and overturned, let's take a look at how Cao Dewang walked between China's low human rights advantage and the United States' high human rights advantage. ( In Chinese) kzbin.info/www/bejne/n2O0lIx5gaZ-gck The current differences between Israel and Iran should not be as popular on KZbin as the differences between Wang Zhian and Qin Hui. When discussing the issue of low human rights advantages, Qin Hui stood on the side of conscience or fairness, so he won the vast majority of the audience. Wang Zhian is more on the side of results or efficiency, so he gets the vast majority of negative comments from the audience. Professor Qin Hui's statement is certainly reasonable. As a media colleague, I don't think Wang Zhian is particularly wrong. What he lacks is to show more concern and common ground for the vast number of people who are ignored and sacrificed in the so-called low human rights advantage. Affection. My personal feeling is that the advantage of low human rights is an important factor in China's economic take-off, but it may not be a decisive factor. Compared with Europe, the United States and Japan, the role of this advantage may vary at different stages. Comparing now with the beginning of reform and opening up, the advantages of low human rights gained by China's economic development may be more prominent. why? Because in the past, China's human rights situation was not particularly bad when compared with similar low-income countries, such as North Korea, Ethiopia, and Turkmenistan. After decades of development, China's low human rights situation has become even more prominent when compared with countries at the same level with similar development conditions, and the human rights situation urgently needs to be gradually improved. China's actual situation now is that it benchmarks against the United States on many issues. China is the world's second largest economy, and its role in international politics and economy wants to be comparable to that of the United States. If compared with the United States, China's low human rights advantage or poor situation is of course very prominent. The United States has a very different business environment than China. Let's take a look at Cao Dewang's Fuyao Glass Factory in Ohio from the human rights environment. This human rights environment is broad, not only the relationship between labor and capital, but also the relationship between enterprises and the government, and the relationship between enterprises and the market environment such as land, resources, and capital. We have a relatively intuitive example, which is an Oscar-winning documentary controlled by an American director, which is "American Factory" released in 2019. This film is the first time in recent decades that the public has had the opportunity to understand the details of the operations of foreign companies investing in the United States. Before this, the last wave was when Japanese automobile companies invested in the United States more than 40 years ago. Investments by Chinese companies in the U.S. Rust Belt can certainly be seen as an example of the rise of Chinese manufacturing and the decline of U.S. manufacturing, and there should be no problem with that. Cao Dewang also brought American employees who were accustomed to a high human rights environment back to the parent factory in Fujian to see how Chinese workers worked in a low human rights environment. You can imagine how American employees felt. They were of course shocked. What they saw was the military camp-like management of Chinese factories. In the morning, everyone lined up to go to work amid loud military bugles. Young workers worked at a fast pace. There was no coffee time. Chinese capitalists adapted quickly to the high human rights environment in the United States. Cao Dewang won the labor dispute. After the vote, he told the management to try to hire young American workers and train them to adapt to China's corporate culture. Using Professor Qin Hui's perspective of low human rights advantages, that is to say, Cao Dewang hopes that his factories and workers in the United States can actually use their low human rights advantages as much as possible, get used to working overtime, work hard without complaint, do not organize unions, and do not work hard for higher wages. , but to make America great again. If a trade union is formed, what will Cao Dewang do? He would consider closing the factory. From the perspective of the local government and employees, should human rights be higher but the factory closed, or should human rights be lower and the factory continue to operate? Judging from the example of Fuyao, everyone has chosen to sacrifice some human rights. Of course, American workers still enjoy many more human rights than their Chinese colleagues. They can own guns. Reporter Yi Suli Apr 16, 2024 My brief review: The argument that the economic development of the party-state with Chinese characteristics has the advantage of low human rights is not comprehensive enough. The so-called development of a characteristic economy is inseparable from the conventions of capitalist economic development, which is to lower wage levels as much as possible under political oppression and increase labor intensity, thereby increasing the opportunity to obtain high surplus labor value for free, thereby achieving rising profit margins on the social average, demanded by the main purpose of capitalist economy. This objective law of capitalist economic development is not affected by the level of human rights and is universally applicable. The economic development of the characteristic party-state also applies to this scientific argument, but at the same time it relies on the large and universal historical legacy of the Chinese revolution - the excellent discipline of the original working class, which under the premise of leading everything, was high-spirited, energetic, and strived to the top. The rapid development of the characteristic economy has become a so-called miracle that has attracted worldwide attention. In addition, the achievements of socialist construction led by Chairman Mao were taken advantage of by the four revisionists: Deng, Jiang, Hu and Xi. They privatized hundreds of billions of dollars of public and state-owned property and appropriated it to the party-state bureaucracy. As a result, the speed and scale the economic development of the four revisionists are invincible, shocking the bourgeoisie of all countries in the world. Qin Hui and his ilk's subjective one-sidedness such as human rights, democracy, and freedom has long lost the value of existence, let alone winning the majority. [Mark Wain 2024-04-17 www.youtube.com/@wtkh blog.creaders.net/u/12901/]

[@Time4Peace]

She is truly someone who aims to bridge culture divides rather the incessant fear mongering hype.

[@harbinger6562]

I'll be back ❤️🙏😇🌹

[@janneyovertheocean9558]

I wish her very hopeful sounding about China having a large number of younger Chinese who will become a force in changing the future of this nation AND she appears to want to sound reassuring as well as encouraging to all sides considering China’s role in our present day and future. Dr. Keys Jin did mention many facts or accurate observation about the topic she was addressing, but I cannot but sense that there is a lack of deeper (and needed) analysis & critiques on the challenges that China faces now and over the next 2-3 decades. The political system (i.e. Chinese Community Party controlled system which has become even more entrenched as well as highly centralized. It’s true as Dr. Jin stated that at the local level, officials may have a large say in their economic approaches to various day-to-day operations. But the weight of a centrally directed policy change will likely wipe out or stop the incentive and actual plans laid down by local officials. Add up the number of times this occurs on top of the already very heavy debt incurred by local (including provincial) governments, how can these local and younger generation ‘escape’ the constant reality of a CCP government looking over their shoulders or even suddenly hitting them on the head (not physically), how many of them can really achieve what Dr. Jin prospects in the beginning and intermittently over the course of her speech. Maybe because she still holds important position in Beijing University, she really seems to me trying very hard not to touch the core or essence of the problems that both China and the rest of liberal democratic societies of the world share, so she can continue her liaison with China, which is her homeland and I am sure she still has many families residing in that land, so I understand her avoidance. Perhaps, we hope, under the table and behind public views, she maybe able to exert a more definitive influence in upper, controlling classes of Chinese officials, so that a new generation of leaders who believe something other than Xi, Mao or even Deng’s vision AND executive approach to governance in the near future.

[@LW78321]

Beautiful music 🥰

[@pinnysun8442]

Im really surprised by the speech of this woman, a rare english spoken Chinese who speak like a Chinese and has a clear understanding of the Communist, in a good way.

[@jackreacher8858]

Her English is VERY GOOD

[@henryterranauta9100]

First 40 min are celestial Chinese music 🌟🌟🌟🌟🌟🌟🌟🌟🌟🌟🌟🌟🌟

[@BestFitSquareChannel]

Stupid is stupid. No point taking their bait. Dr. Jin, well done. Best wishes. Carry on. 🌞🫶🏼🖖🏼

[@jkdm27]

Interesting how Americans keep talking about Chia, but China keeps talking about trade and commerce.

[@peterdauda3351]

Are Chinese Universities allowed to open branches in Europe and USA?