I had been invited to talk on KALW about my new book, but encountered push back from some callers accusing me of being anti-American because I tried to discuss China and its political economy in a rational manner. What became quickly apparent is the enormous prejudice people carry about China, which of course is reminiscent of the Japan-bashing during the 1980′s. My book never defends human rights abuses, yet callers, and even the radio host, could not seem to separate China from that single issue. Why single out and castigate China so severely when others have committed similar or worse offenses? To make an analogy, it is like hating your own father because he smokes and that is not agreeable with you. Who in his right mind would write off his own father for one mistake he is making? Similarly, why write off an entire country when its leaders make some mistakes? As I point out, no nation is perfect, and I don’t advocate all things China. But surely, China does do some things right, and the rational approach is to find out what that is. Here is what one commenter forwarded me in an email today after listening to the podcast: Continue reading
1. The Chinese Central bank (PBOC) will relax interest rates.
2. The Chinese banks will return to easy lending.
3. The expected real estate bubble will not
burst the Chinese economy because the Chinese government will soften real estate
4. Chinese consumption will creep towards
40% of GDP.
5. Wang Qishan will be the Premier.
6. China will create more small banks to
lend to SMEs and TVEs.
7. China will use the north Canton area to
experiment with democracy as a way to solve the land grab issue.
8. The Hong Kong Stock Exchange will be
allowed to trade in China and link up with the Shanghai Stock exchange to
create a world powerhouse.
9. China will team up with the Eurozone to
set up an International Currency Regulatory Authority.
10. China will create an Asian currency bloc with Japan and S.
Welcome to the official website of the book, What the U.S. Can Learn from China. You can navigate through the site using the menu above to find out when Ann Lee’s next speaking engagements will take place, what she has to say about various issues in the media, and how to book her for future commentary, especially about China, the U.S., and the opportunities for improvement in both nations .
While America is still reeling from the 2008 financial crisis, a high unemployment rate, and a surge in government debt, China’s economy is the second largest in the world and many predict will surpass the U.S. by 2020. President Obama called China’s rise “a Sputnik moment”—will America seize this moment or continue to treat China as its scapegoat?
Many in mainstream media and in the U.S.government regularly target China as a threat. Rather than viewing China’s power, influence, and contributions to the global economy in a negative light, Ann Lee asks: What can America learn from its competition? Why did China suffer so little from the global economic meltdown? What accounts for China’s extraordinary growth, despite one of the highest corporate tax rates in the world? How does the Chinese political system avoid partisan rancor but achieve genuine public accountability? From education to governance to foreign aid, Lee details the policies and practices that have made China a global power and then isolates the ways the U.S. can use China’s enduring principles to foster much-needed change at home. Continue reading