Munger: I'm 'a huge admirer' of what China has accomplished
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In his first interview since Berkshire Hathaway’s annual shareholders meeting, Vice Chairman Charlie Munger talks about the U.S.-China relationship with Yahoo Finance Editor-in-Chief Andy Serwer.

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  • J
    Jimmy Chang
    You don't have to like it that China is going to become the leading economy in the world, but you're going to have to accept it. Get used to it.
  • S
    S
    All thanks to America.
  • G
    Gerald
    Munger is nice to listen to as opposed to Buffet. He knows how to summarize and NOT talk so much. I think Buffet, while a great guy, loves to hear himself talk. Munger, less so....
  • A
    Anonymous Coward
    China has accomplished a great deal in a short time, but they still have to escape the middle income trap, and must also watch their ecological footprint. It's impossible for China to achieve the same living standards as the USA using the same technology. There aren't enough resources to allow it. Either lower living standards or revolutionary new technology is necessary.
  • V
    Vartan
    FROM VARTAN.

    MR MUNGER TO ASK ME HOW CHINA IMPROVED AS I HAVE HAD MY OFFICE
    IN CHINA FROM 2004-2008, THENCE, CLOSED DID NOT NEED IT AND NO BODY
    BELIEVE HOW MUCH THEY IMPROVED AND THE CITY I WORKED AND LIVED
    FOR 5 YEARS WAS OF 2 MILLION PEOPLE AND NO HI RISE BUILDING MORE
    THAN 5 STORIES AND THOUSANDS FREE LANDS AND FROM 2007 TODYA
    IF YOU WILL VISIT ANY CITY HUNDREDS OF HI RISE BUILDING 28-30 STORIES
    BUILT AND MY CITY TODAY OF 5 MILLIONS PEOPLE AND NAMED AS -XIAMEN-
    IN FUJIAN PROVINCE.
    -------
    IF YOU WILL VISIT ANY FACTORY YOU DO NOT BELIEVE ALL THEIR MACHINES
    THE LATEST MODEL TO GIVE YOU ONE EXAMPLE EACH KNITTING FABRIC
    COST 250,000 EURO FULLY AUTOMATIC NEED ONE WORKER TO CONTROL
    AND THOUSANDS FACTORIES EACH HAVING 200-300 TO 500 OF SUCH MACHINE
    IMPORTED FROM GERMANY.
    ------
    THE MAIN REASON OUR SENT GROUP BY TRUMP LIKE SEC.MNUCHIN AND
    LIGHTHIZER ARE LACK OF CHINESE FINANCE, TRADE AND BANKING SYSTEMS
    AND MANY TIMES THEY DID NOT HOW TO START ON WHICH POINT THEIR
    NEGOTIATIONS AND I INFORMED MRS. RONNA ,CHAIRWOMAN OF REPUBLICAN
    NATIONAL COMMITTEE THAT THEIR 1ST, 2ND AND 3RD MEETING WILL FAIL
    BEFORE THEY LEFT TO CHINA,BECAUSE THEY NEVER BEEN IN SUCH DISPUTE.
    ------
    AS AM AN ECONOMIST, INTERNATIONAL BANKER AND BUSINESSMAN SINCE
    5 DECADES AND WORKED AND LIVED IN CHINA STILL TODAY I CAN FIX THE
    TARIFF WAR IF TRUMP CHANGE IT TO TARIFF CHANGE OR AMENDMENT AND
    NONE OF HIS ADVISERS TOLD HIM THAT HE CANNOT USE THE WORD OF WAR
    IN TRADE AND I AM FAMILIAR WITH THEIR FINANCE, TRADE AND BANKING
    SYSTEMS CAN FIX IT IN 3 WEEKS BUT ONLY DISCUSS PURE ON TRADE AND NO
    POLITIC.

    PEACE ACTIVIST
  • C
    Common Sense? Where?
    Reverse engineering. No recognition of patent/copyright laws. Government backed corporate espionage, etc.
  • R
    Ron Jeremy
    I wonder what would have happened if Trump made that statement int he same context. The power of blind hate amazed me. Keep up the great work Yahoo.
  • T
    The Dom
    so your praising stealing IP, trade inbalances, and company secrets...and who knows all of the other shinanigans.... thanks for the insight (or lack of) old man!
  • D
    Dick
    Why don't you finally retire, you old codger. So you admire what? Some communist country has done to steal our jobs, and blackmarket our products to the tune of 100b? IF YOU LIKE THEM SO MUCH WHY DON"T YOU MOVE THERE.
  • d
    dave
    China's success is due to the theft of intellectual property from all other country's.
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