Comments on: Milton Kotler’s Remarks on Macro Economy Issues at the 2013 China Business Conference at Columbia University http://kotlerongrowth.com/milton-kotler-china-business-conference-remarks/ Advancing thought and insight on economic growth Sat, 31 Aug 2013 07:09:18 +0000 hourly 1 https://wordpress.org/?v=3.9.40 By: Kotler http://kotlerongrowth.com/milton-kotler-china-business-conference-remarks/#comment-53 Mon, 08 Apr 2013 21:48:40 +0000 http://kotlerongrowth.com/?p=387#comment-53 To Rick and the China students at Columbia University,
Thank you for your kind note, and I am pleased that my remarks were well received. I am optimistic about China’s growth, even at 6% to 7%. The whole world needs Chinese economic growth, because there is no where else to turn. I do not see growth from the U.S. for at least five years, because of poor demographics (not enough people, and working people at that), poor politics, and too many investment disincentives.

I am happy that the shadow banking market (est. 40% of Chinese capital) is growing and financing private sectors SMEs. This is good to sustain Chinese export and grow domestic consumption. I hope the Chinese government keeps it hands off of this “unregulated” capital pool, so China’s private sector can grow, and rich families can continue to send their sons and daughters Columbia as an investment in human capital that will return to China with strong management and entrepreneurial skills.

Milton

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