Mar 05
On the State of China’s Economy and the Global Economy
Written by: Allen | Filed under:Analysis, General, News | Tags:china's economy, china's migrant workers, global economy, global recession
22 Comments » newest
22 Comments » newest
As the current world economy crisis drags on, there are still lingering hopes that China just might remain a bright spot in the world economy and help lead the world back to recovery. Continue reading »
Nov 16
Time for a More Equal Economic Partnership Between the U.S. and China?
Written by: Allen | Filed under:Analysis, General, News, politics, technology | Tags:chinese economy, global economy, u.s. economy, u.s.-china bilateral relations
8 Comments » newest
8 Comments » newest
Since China opened to the world some 30 years ago, China has witnessed unprecedented economic development and growth. However, the economic relationship China has with the West has been a decidedly subservient one.
In the global economy, China would specialize in making high volume, low cost products in return for high value technology and services from the West. The profit that China makes would be recycled back to the West (especially the U.S.) in the form of loans / credits. Despite the recent global financial crisis, I do not expect this basic pattern to change any time soon.
However, the time for some change may be afoot. For one thing, many economists in the West now seem to be more willing to acknowledge that the Chinese economic growth may be sustainable for the long term. Even the Economist has been showing more confidence and optimism for China as of late. Continue reading »
Recent Comments