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/
Economist Paul Krugman probably ranks among the biggest China bashers among well-known economists. His latest article http://www.nytimes.com/2011/12/19/opinion/krugman-will-china-break.html?_r=1&emc=eta1 continues to fuel the usual misperceptions about China. First he claims that Chinese consumption still remains too low at 35%. He fails to mention, however, that low consumption is normal for countries that successfully transition from an agricultural economy to an industrial one because capital earns a greater share of national income. He also conveniently ignores the fact that China’s per capita consumption growth this past decade is the fastest ever recorded by any nation. The real per capita consumption growth actually accelerated to 10% per year.
He also claims that China has a real estate bubble 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