The FT reported that China’s central bank has argued for loosening its capital controls in a landmark report: http://www.ft.com/intl/cms/s/0/bd948148-5dfd-11e1-8c87-00144feabdc0.html#axzz1nDRQgZ00
Such a move if it were to happen would be a giant boon to the U.S. financial sector for the following reasons:
-It could create the potential for a whole new set of derivative products.
-It would provide more investment opportunities and banking opportunities to financial firms.
-It could increase commissions exponentially by the tsunami of transaction volume. Continue reading
- 1. Invest in education.
Education is the most important foundation that the U.S. can invest in, and test scores across the country are rapidly falling behind the rest of the world. Instead of having children aspire to become reality television stars, encourage exposure to productive, high value professions. Change public attitude toward teachers to hold them in higher esteem. 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