[formosaplastics]

All developing countries, not just China, try to develop their economies as fast as possible. What else would you have them do? Voluntarily stay poor? And Japan, Korea, etc. all had "bull market mentalities" about their own economies before, so why do you want to selectively criticize China during its own fast-growth period? If you're worried about such a trivial thing as what kind of "mentality" others have and think Chinese should be studying the humanities curriculum instead of more immediate concerns like real economic development and progess, you have a strange set of priorities. China's got all the ingredients that all the other Asian "tigers" had several decades ago (one-party government, pro-capitalist policies, cheap labor, infrastructure, educated work force, work ethic, etc) but just on a larger scale than any previous "tiger," so people feel confident about China's economic future moreso than other developing countries'. Also, Japan, Korea, etc. were not "corruption-free" several decades ago either, but that didn't stop them from quickly developing their economies and becoming First World countries, did it? Countries don't develop into "corruption-free" First World countries overnight, but it is a process. Today's First World countries all went through similar phases as well. And China, despite not being "corruption-free," today attracts more foreign investment than any other country now. These investors (American, Japanese, Korean, etc.) have weighed the various investment opportunities available (including in their own countries) but prefer to invest in China instead.

[TigerLikesRooster]

Re #50

China has many additional problems. Wide regional differences, different ethnic groups, transition from communist command economy, the urge to push development much faster than these smaller countries. Being swept into globalist tide which can be quite destabilizing if not handled properly.

To think that PRC can pull what S. Korea or Taiwan pulled in equal or shorter period of time would be highly unrealistic. PRC is developing in the age of more unstable economic environment worldwide.