Michael Milken - Philanthropist, Financier, Medical Research Innovator, Public Health Advocate  

   Mikemilken.com  »  Photo  »  2007  »  Rip Van Winkle and China


Mike Milken Photo Album Printer-friendly version


2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
1999 - 2000
1997 - 1998
1989 - 1996
1966 - 1988
1946 - 1965
 

In an April 2007 speech to the Credit Suisse Real Estate Conference in New York, Mike pointed out that China is projected to be the world's largest economy by 2050. "The remarkable thing is not that China will grow so much," he said. "It is that we've been there before. China was the world's largest economy in 1820. So if Rip Van Winkle went to sleep in 1820 and woke up 230 years later, he would think nothing had changed!"