Quote of the Day
NYT / IHT Editorial: "In many important ways, foreign investment has been good for the Chinese people..."
Richard D. Parsons, the chairman and chief executive of Time Warner told Forbes magazine, "he had held off distributing his AOL Internet business in China because the government wanted to monitor messages sent on the service."
"But let's not pretend that foreign investment will make China a democracy. That argument was born out of desperation and self-interest. Because China is too lucrative a market to resist, American and European businessmen have ended up endorsing the party line through their silence - or worse. They are not molding China; China is molding them."
Richard D. Parsons, the chairman and chief executive of Time Warner told Forbes magazine, "he had held off distributing his AOL Internet business in China because the government wanted to monitor messages sent on the service."
