I am honored to be asked to be a contributor to a new electronic newspaper hosted in the UK and partnered with the the London College of Communication, University of the Arts London and other academic institutions. My first piece appears here: http://thebricspost.com/us-china-relations-where-to-from-here/#.UQJ54Ia3unh
Is the Chinese economy faltering? What is going on over there? I provide some insights into the rebalancing act happening in China in my latest Forbes post: http://blogs.forbes.com/annlee/
I wrote a piece for Forbes explaining that contrary to what many analysts say, the enormous investments in infrastructure in China will be good for the economy and also visionary on the part of China’s leadership: http://www.forbes.com/sites/annlee/2012/07/22/why-chinas-high-investment-levels-wont-hurt-them/
The Chicago Tribune writes about the pitfalls of the EB-5 visa program and quotes my opinion about the state of its execution thus far.
Rich Lowry, editor of the National Review, wrote a piece in the New York Post today arguing that the Bo Xilai scandal in China proves that the U.S. is superior. He says that “China should learn from us,” implying that there is nothing to learn from China.
The problem with his argument is that he only speaks about the corruption in China while completely ignoring the widespread corruption in the U.S. By painting only a one-sided, incomplete picture, his point is, well, pointless. Let me provide a counterpoint to each one of his points. First, the U.S. Continue reading
Reuters has reported that a bill about to be signed by Obama will allow existing tariffs on imported goods from China to stay in place after they were threatened by a court ruling. At a time when there seems to be little bipartisan support for anything, it is surprising that this piece of legislation enjoys popularity from both sides of the aisle. Certainly, there is a broad perception in the U.S. that China does not play by the rules, that the U.S. engages in free market capitalism while China engages in mercantilism.
Unfortunately, like all disagreements, the truth is not black and white, but shades of gray. Continue reading
The World Bank and China’s Development Research Center released a report calling for China to make a number of economic reforms in order to develop a more sustainable economy. This was widely reported in the New York Times, Washington Post, and Seattle Times. It claims that China cannot sustain growth unless it does a long laundry list of things. Why the Chinese would listen to outgoing World Bank President Robert Zoellick is a bit puzzling since he was part of senior management at Goldman Sachs just prior to joining the World Bank and thus likely has Goldman’s interests, not China’s interests, at heart.
Recommendations they made that I agree with include the following: Continue reading
“We’ve displayed to this world leader our work ethic, No. 1, and our value for friendship; that’s No. 2,” Mayor DeWayne M. Hopkins said in an interview at City Hall. “If that message can be disseminated into the rest of the United States in encouragement for people to be interested in Muscatine and perhaps relocate here – and I mean people all the way from households up to retail and manufacturing – then that’s a plus.”
The above quote refers to the visit to Iowa by Xi Jinping where the Chinese president in waiting once spent time as a young man. His visit underscores the desire for the Chinese to maintain strong relations with the U.S., but his choice of cities also underscores his sympathies for the common man. Continue reading
-This underscores the need to raise global labor standards. The economics of globalization have outpaced social and environmental protections. We have a good system for logistics but not for protecting workers. U.S. should work with ILO to uphold international labor standards everywhere around the world.
-Pushing China to raise labor standards should be a higher priority than Obama’s big to-do with counterfeit goods. Putting pressure on China to raise labor standards would be better for American workers as well.
-Organized campaigns have successfully changed corporate practices, and this could apply in this case. Americans need to organize more campaigns for more corporate responsibility, and Apple is a perfect target for such a campaign. Socially responsible consumers and shareholders need to apply pressure on U.S. corporations to do the right thing.
-The U.S. government shares the blame on this one. Continue reading