“The Man Who Does Not Think Far Ahead Will Have Troubles Near at Hand”: Reflections on the Financial Crisis and China’s Economy

Wu Jinglian ()
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Wu Jinglian: Chinese Academy of Social Sciences

A chapter in Facing the Era of Great Transformation, 2021, pp 71-75 from Springer

Abstract: Abstract A financial crisis has swept the world, and China’s economy is also facing difficulties. How did this financial crisis come about? Is China’s economic predicament caused by the impact of the financial crisis? How should we deal with it? For these problems, I would like to make three points: first, that Rome wasn’t built in a day; second, from the Analects, “The man who does not think far ahead will have troubles near at hand”; and third is to “strengthen yourself and make your own luck”.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-15-7691-1_5

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DOI: 10.1007/978-981-15-7691-1_5

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