Inventorspot.com, 30 Dec 2008, M Dee Dubroff
According to news sources, Minister Mentor, Lee Kuan Yew, claimed that although China as an emerging world power should be included in financial recovery plans, the country lacks critical knowledge about how the world financial system, which is largely American and British, has evolved over the centuries. He told a dialogue session held in conjunction with the 30th anniversary of China’s move to reform and open up to the world:
“The Chinese have learnt, read up history, ... but to know the intricacies of the system, that’s a different matter, and I think it will be a very difficult business to try and reframe our financial system anew.”
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