This article comes from "The Washington Post"
Discovery announced recently that they are partnering with Chinese media venture Qiu Suo. Discovery will be working with the company to create a Chinese cable network.
Once again, this appears to be an inconsequential post. I chose it because I think it highlights the gradual drift toward free-market Capitalism we are seeing in China. China is increasingly ascending in its role with regards to international economics. China has the labor pool and the resources; if it were to utilize fully its free market potential, I think China could easily pass the U.S. in economic domination. I think the world will have to reconcile itself to China's presence very quickly.
I don't think that China has to 100% have to fully utilize fully its free market potential. But I do think they should give more of it up to gain more economic status, but for the time being I think they are doing just fine even though their economy has contracted around 1% in the last few quarters.
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