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China Telecom's US Ambitions, Doom Scenarios and Heartless Developers

“Audi is seen as being a bit old-fashioned because of its association as being a government car […] Wealthy consumers today want something sexier, more indulgent, which is why BMW and Mercedes have done well.”

Shaun Rein, Shanghai-based managing director of China Market Research Group.



“U.S. politicians need to move beyond their American ‘exceptionalism’ worldview that the country’s founding ideals and system of government should be adopted globally. It is time for the U.S. to admit that China will never be ‘just like us.’”

U.S. Chamber of Commerce

Right Web


“The money is no big problem for us.”

Donald Tan, president of China Telecom Americas.



“Two years ago it was hard to find anyone who believed that annual GDP growth in China would ever fall below 8 per cent. Today, as the market fixates on various domestic bubbles, it is becoming almost as hard to find anyone who does not worry that China may be on the verge of collapse.”

Michael Pettis, finance professor at Peking University

Financial Times



Source: Agence France Presse


"I bought an apartment here in September and now I've lost more than 400,000 yuan […] That is my hard-earned money, how can the developer be so ruthless?"

Unnamed Shanghai businesswoman in her 40s

Wall Street Journal


“This places journalists in a moral dilemma — if you can’t even protect your own family members, how can you even begin to talk about the power of monitoring, about protecting social fairness and the interests of the social underclasses?”

China Youth Daily

Quoted by China Media Project


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The Economic Observer's editorial staff are always on the look out for interesting, fresh and high-quality China-related content. Whether it's the latest buzz on Weibo, links to insightful articles or updates on the latest books and reports, through China Buzz we'll keep you in the loop about what's going on in the world of Chinese politics and economics.

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