96.7% of Chinese expressed confidence in their government

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For one, although the Chinese don’t elect their leaders, they trust their government more. According to recent World Values Surveys, 96.7% of Chinese expressed confidence in their government, compared to 37.3% of Americans. Likewise, 83.5% of Chinese thought their country is run for all the people, rather than for a few big interest groups, while 36.7% Americans thought the same of their country. With higher trust, China’s government and enterprises are better able to enact and implement strict policies to promote saving and growth. . . . The writer is professor of economics at Yale University, chief economist at MacroMarkets LLC, and author of Irrational Exuberance and The new financial order: Risk in the 21st century http://www.financialexpress.com/ ... p?content_id=138291