Know any politicians who’ve noticed China becoming a global innovator?

❝ China has achieved much since 1978, when Deng Xiaoping initiated the transition to a market economy. In terms of headline economic progress, the pace of China’s transformation over the past 40 years is unprecedented. The country’s GDP grew by nearly 10 percent per year on average, while reshaping global trade patterns and becoming the second-largest economy in the world. This success lifted 800 million people out of poverty, and the mortality rate of children under five years old was halved between 2006 and 2015.

The question now is whether China, well positioned to become the world’s innovation leader, will realize that opportunity in 2018 — or soon after

❝ Earlier this month, Apple CEO Tim Cook declared that, “China stopped being a low-labor-cost country many years ago, and that is not the reason to come to China.” The country’s manufacturing strengths now lie in its advanced production know-how and strong supply-chain networks. Understandably, China’s leadership wants to increase productivity and continue to move further up the value chain.

I suggest you read the article. Even though your representatives in Congress will (1) probably act surprised by this and (2) stamp their little feet in anger and fear – fact remains that international trade usually is a cooperative affair and the political maundering is only for that telenovela called electoral politics.

15 thoughts on “Know any politicians who’ve noticed China becoming a global innovator?

  1. Hardball says:

    China Weighs Slowing or Halting Purchases of US Treasuries (Bloomberg) “China added to bond investors’ jitters on Wednesday as traders braced for what they feared could be the end of a three-decade bull market.
    Officials in Beijing reviewing the nation’s foreign-exchange holdings have recommended slowing or halting purchases of U.S. Treasuries, according to people familiar with the matter. Benchmark bonds reversed earlier gains on the news, with the yield on 10-year Treasuries climbing for a fifth day. China holds the world’s largest foreign-exchange reserves, at $3.1 trillion, and regularly assesses its strategy for investing them. It isn’t clear whether the recommendations of the officials have been adopted. The market for U.S. government bonds is becoming less attractive relative to other assets, and trade tensions with the U.S. may provide a reason to slow or stop buying American debt, the thinking of these officials goes, according to the people, who asked not to be named as they aren’t allowed to discuss the matter publicly. China’s State Administration of Foreign Exchange didn’t immediately reply to a fax seeking comment on the matter.”

  2. Yellow Peril™ says:

    “China’s message to the world this year couldn’t be clearer: Choose between us and America” “The world’s political and business leaders should choose from “two fundamentally different outlooks” for the state of the world: One is Xi’s “shared future” vision and the other is Trump’s “America First” policy, said state news agency Xinhua in a commentary published yesterday (Jan. 24).
    “The world is indeed fracturing, if not completely fractured yet. On the international horizon, with the United States bent on “making America great again” by putting America first, and Britain untying the knot with the European Union, the bandwagon of globalization and integration has been put into reverse. Inside individual societies, Western ones in particular, fissures are emerging along the fault lines of income, race and party.” (Xinhua)

  3. Goddard says:

    Two more Chinese Beidou navigation satellites successfully lifted off aboard a Long March 3B rocket Monday on China’s seventh space launch in five weeks.
    The Long March 3B rocket and a restartable Yuanzheng upper stage deployed the two Beidou navigation satellites — the 28th and 29th to join China’s navigation network — nearly four hours after launch from the Xichang space base in Sichuan province, according to Chinese state media reports.
    Monday’s flight was the seventh of up to 40 space launches planned by China this year.
    Besides further deployments of Beidou satellites, China plans to launch a series of communications and Earth observation payloads for commercial and military users.
    China has also scheduled the launch of the Chang’e 4 lunar probe later this year. Chang’e 4 will attempt to make the first landing on the far side of the moon.

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