Economist Justin Lin Urges West to Adopt 'Eastern Wisdom' Amid China's Rise

Economist Justin Lin urges West to adopt ‘Eastern wisdom’ as China moves up value chain

The West’s narrative of Chinese “overcapacity” is a double standard, said a former chief economist of the World Bank as he urged advanced economies to draw on “Eastern wisdom” rather than protectionism to navigate the rise of hi-tech competition. Justin Lin Yifu, a prominent advocate of Beijing’s industrial policy, dismissed claims that China’s auto-export surge was a sign of industrial imbalance. Speaking at Hong Kong Chu Hai College, Lin drew a contrast with Germany to expose a logical...

By Sylvia Ma