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Explore China's unique geography and history in a narrative that delves into the country's rich past, intricate political landscape, and forward-looking financial policies. From the unification struggles of the North to the economic partnerships along the Yangtze River and military presence in the Far South, discover how China's borrowed time has shaped its policies and interactions on the global stage. This detailed examination sheds light on the complexities of China's national strategy and economic development, highlighting the intricate balance between state control, private capital, and global presence.
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China: Borrowed Timethe Chinese Geography North has a wide broad plain which took two millennia of civil wars to consolidate Yellow River not navigable Beijing is the political/military capital Yangtze is the only navigable river in the country Shanghai is the economic capital South has good ports and is subtropical Greatly retards northern control Encourages foreign presence
China: Borrowed TimeGeopolitics Meets Development Policy • North: political unification • Yangtze: economic partnership • The Far South: military occupation • Everywhere: bribes • Private capital pooled into state’s hands, which funnels it at sub-market rates to achieve national goals • Maximize employment by maximizing firm size, market share and throughput at the cost of debt, profitability and return on capital • Allows for endless bidding for inputs, while subsidizing price of outputs
