Sorry no sub for this footage.
What happens is World Bank President Robert Zoellick is visiting China and releases a report "China 2030", which preaches the China government that China must abandon its current economy system or a devastating crisis will be unavoidable.
Zoellick proposes some solutions such as complete transition to market economy, accelerating the pace of open innovation, green economy, more accessible services and jobs for all people,
, and mutually beneficial relations with the world, etc.
Zoellick report made headline news in state-run media of China.
Du Jianguo, an independent Chinese economist, denounced World Bank policy prescriptions as poison and briefly disrupted Zoellick's Tuesday conference. The message Du was trying to deliver was:
1. China's state-owned enterprises (SOE) are doing very well right now, therefore they should not be privatized as suggested by president Zoellick. Du said the proper SOE reform should focus on better supervision to avoid monopoly positions currently possessed by SOEs. In Russia, privatization and shock therapy created a looting spree for foreign investment banks like Goldman Sachs and completely destroyed Russia back in 1990s (Zoellick was vice chairman of Goldman Sachs). The proposed privatization program is just a deliberate robbery plan of American investment banks.
2. Latin American countries' state-owned bank privatization designed by World Bank was an epic fail. Wall street parasites have kidnapped USA. They have fucked up USA. Now Goldman Sachs wants to team up with evil bureaucrats of Chinese Communist Party to rob Chinese people through the proposed privatization of Chinese banks. If Chinese people failed to stop American and Chinese fat cats, they would have to repeat occupy Wall Street movement in future.
The funny thing is Du himself is a pro-America scholar. He has been advocating that China should learn from what makes America a great nation, such as democracy, faith, spirit of innovation, diverse cultures, and rule of law etc.
In: Regional News, Politics
Tags: Chinese, china, Protester, World Bank, Zoellick, Du Jianguo, wall street, 99%
Location: Beijing, Beijing, China (load item map)
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