3 In 1984 I had my first direct contact with China3 In 1984 I had my first direct contact with ChinaTo finish reading please click [In 1984 I had my first direct contact with ChinaChapter 6: The Big Cycle of China and Its Currency2020-10-09JournalTo finish reading please click [3 In 1984 I had my first direct contact with ChinaDeng was a very smart, eager learner who was helped by knowledgeable outsiders to produce China’s economic advances along its desired development arc. He also directed his policy makers to learn from outsiders in the same way that he did.  That is how I and many others got invited there.  It is also why Deng turned to other world leaders, especially leaders of the “tiger countries” who were culturally aligned with China, especially to Lee Kuan Yew of Singapore, for advice.  I remember having a dinner with the head of China’s MOFTEC (which was their ministry of commerce) in Beijing in which he rattled off lots of details about things like how Singapore’s airport ran (e.g., how long a passenger had to wait to get his bags at baggage claim), how those in Singapore achieved such great results, and how China was going to implement those practices.  Many years later I had the opportunity to host Lee Kuan Yew at my house.  At that dinner, which included some other esteemed guests, we asked him what he thought about the different leaders at the time, what he thought about great past leaders, and what made great leaders great.  We were eager to get his perspective because he had known most of the greatest leaders for much of the last 50 years and was one of the greatest leaders over those 50 years.  He said that Deng was the greatest leader of the 20th century.  Why?  Because Deng open-mindedly learned and changed China to advance his people, he was smart and wise, he was extremely practical, and he delivered great results to his population of about a billion people... Continue reading…