The New China Playbook Quotes

“There is something going on in America that is different . . . and particularly toxic for the working class,” which they ascribe to oppressive monopolies and American institutions that have consistently weakened unions and empowered employers, allowing them to profit at the expense of ordinary workers.”
― Keyu Jin, The New China Playbook: Beyond Socialism and Capitalism

“To be a credit to one’s ancestors.”
― Keyu Jin, The New China Playbook: Beyond Socialism and Capitalism

“The technological race between the US and China should be more like a race to win more Olympic gold medals—with proper rules and constraints—than like a downward spiral toward confrontation.”
― Keyu Jin, The New China Playbook: Beyond Socialism and Capitalism

“There are three prominent features of the Chinese state. The first is its power: it has the resources and administrative skill to mobilize rapid collective action in service of the nation’s goals. The second is its structure of political centralization paired with economic decentralization, which makes room for creative local business activity under central guidance. The third feature is its adaptability. It can adapt to the changing circumstances rapidly and flexibly, dialing back policy measures if they have gone too far and shifting between priorities when the situation warrants it.”
― Keyu Jin, The New China Playbook: Beyond Socialism and Capitalism

“Apple, which sells twice as many iPhones in China as it does in the US, earns more than $100 million in China every day.”
― Keyu Jin, The New China Playbook: Beyond Socialism and Capitalism

“China’s one-child policy, enacted in the early 1980s. The generation molded by this policy is transforming the nation’s spending and saving habits, innovation dynamics, competitiveness, and soft power.”
― Keyu Jin, The New China Playbook: Beyond Socialism and Capitalism

“GDP figures produce the officials, and officials produce the GDP figures.”
― Keyu Jin, The New China Playbook: Beyond Socialism and Capitalism

“tremendous economic authority and autonomy to local governments.”
― Keyu Jin, The New China Playbook: Beyond Socialism and Capitalism

“Tall trees bear the brunt of high winds.”
― Keyu Jin, The New China Playbook: Beyond Socialism and Capitalism

“Humans should avoid getting famous, and pigs should avoid getting chubby.”)”
― Keyu Jin, The New China Playbook: Beyond Socialism and Capitalism

“They are the first generation in China to seek happiness more than wealth.”
― Keyu Jin, The New China Playbook: Beyond Socialism and Capitalism

“nation’s top graduates are increasingly without appropriate jobs and left in the lurch, while enterprises are bereft of the vocational”
― Keyu Jin, The New China Playbook: Beyond Socialism and Capitalism

“automation is making many jobs obsolete.”
― Keyu Jin, The New China Playbook: Beyond Socialism and Capitalism

“Rather than headcounts in the labor force, what matters is the amount of productive labor force.”
― Keyu Jin, The New China Playbook: Beyond Socialism and Capitalism

“Having no grandchildren is the worst possible nightmare for a traditional family.”
― Keyu Jin, The New China Playbook: Beyond Socialism and Capitalism

“Today it has become enormously expensive for families to pay for tutors and extra prep classes for important academic subjects, not to mention extensive lessons in English, Math Olympiad courses, all kinds of study-abroad and travel-abroad programs, summer camps, and internships.”
― Keyu Jin, The New China Playbook: Beyond Socialism and Capitalism

“They are also enshrined in China’s legal system”
― Keyu Jin, The New China Playbook: Beyond Socialism and Capitalism

“parents have expected children to help support the family, even at a young age, and to display xiao shun, filial piety, a basic sign of moral character”
― Keyu Jin, The New China Playbook: Beyond Socialism and Capitalism

“Chinese people as we usually think of them, the biggest savers in the world.”
― Keyu Jin, The New China Playbook: Beyond Socialism and Capitalism

“is only through innovation that China has a hope of becoming the foremost economic power of the twenty-first century.”
― Keyu Jin, The New China Playbook: Beyond Socialism and Capitalism

“one that is centered not on industrialization but on innovation and continued improvements in productivity.”
― Keyu Jin, The New China Playbook: Beyond Socialism and Capitalism

“economy with too little consumption, too much investment in the wrong places, and high net exports.”
― Keyu Jin, The New China Playbook: Beyond Socialism and Capitalism

“interest rates were capped at an artificially low rate that did not reflect the economy’s productivity growth.”
― Keyu Jin, The New China Playbook: Beyond Socialism and Capitalism

“China is still feeling its way through trial and error.”
― Keyu Jin, The New China Playbook: Beyond Socialism and Capitalism

“As the saying goes in China, trees wither from uprooting whereas humans thrive by moving.”
― Keyu Jin, The New China Playbook: Beyond Socialism and Capitalism

“Nobel laureates Abhijit V. Banerjee and Esther Duflo put it in their book Good Economics for Hard Times,”
― Keyu Jin, The New China Playbook: Beyond Socialism and Capitalism

“productivity was an important contributor to growth in China.”
― Keyu Jin, The New China Playbook: Beyond Socialism and Capitalism

“productivity accounted for about half of China’s growth in output over the period of its fastest growth,”
― Keyu Jin, The New China Playbook: Beyond Socialism and Capitalism

“Francis Fukuyama argued compellingly that good institutions required a merit-based bureaucracy. China,”
― Keyu Jin, The New China Playbook: Beyond Socialism and Capitalism

“Frugality is a feature shared by virtue of every description; extravagance is the worst of the evils.”
― Keyu Jin, The New China Playbook: Beyond Socialism and Capitalism