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/
In a recent piece published on the MSNBC website, http://www.msnbc.msn.com/id/45614308/ns/business-world_business/#.Tua1aXJSn6A, the journalists insinuate that developing a working partnership with China cannot work. Their presentation of the arguments, however, are very one-sided (surprise, surprise). Below is what they fail to mention:
“But Made in China has hastened the decline of U.S. manufacturing. Factory jobs have shrunk in number by 25 percent the past decade to 11.5 million today, and average factory wages adjusted for inflation have virtually stagnated.” No, factory jobs have been declining everywhere in the world, including China, because technology advancement is replacing humans in virtually every sector where repetitive activity exists. Average factory wages may have stagnated, but so have wages in most sectors in the U.S., even if they’re not outsourced. Continue reading
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