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China: Borrowed Time The Chinese Geography

China: Borrowed Time The 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

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China: Borrowed Time The Chinese Geography

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  1. 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

  2. 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

  3. China: Borrowed TimeGeopolitics Meets Financial Policy

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