![]() Thus there is some evidence of liberal cultural values catching up in Chinese metropolitans. Holly wood actors and the viewers who know actor Jacket Chen that lives in Hong Kong frequently visit China as much as they do visit Japan. I understand that lot of it has to do with the informal marketing that benefited the country through liberal peripheral democracies like Hong Kong and Taiwan. Then most of cultural exchanges are also happening between the West and main land China. Then I read that China has become a preferred tourist destination for Europeans and Americans and not to mention already high numbers of domestic tourism prevalent and encouraged in the country along with domestic commerce. I have never visited China but one odd day I googled China in google images and it is about couple of years ago and the images of Chinese cities simply amazed me as most of the cities look like New York and Manhattan. Professor Stephen Roach great article that reconfirms the recent worry of international commentators that Chinese growth trajectories should be revised concerning to China's more hawkish foreign policy that as you mentioned has lead to trade wars with the US. The question people must ask in every country is do we want to waste our wealth on destruction or share it through peace? The world is evolving necessarily toward globalism in spite of the forces to contain it due to population growth and environmental concerns. America’s capitalism is not the same either in that the balance of wealth creation has shifted more toward capital and away from labour and consumer. China’s one party state is not the same communism we witnessed emerge in Europe in the early part of the last century. All countries have interests and the challenge is to address those interests through cooperation and collaboration. The war in Ukraine educates us to understand that casting one’s morality onto the other is not a recipe for peace and prosperity. ![]() ![]() From that starting point countries surely have much to negotiate however if it is done from the perspective of ‘floating all boats’ it is possible. Democracy is not for every country nor is a one party state but a belief in sovereignty requires the acceptance of the other. ![]() Americans must come to welcome and respect Chinese power in whatever form the Chinese people legitimately choose to govern themselves. This article and most of the commentary are almost all from a deficit mentality that if not altered will put the world at war. Had annual real GDP growth remained on the 10% trajectory under Xi, rather than slowing by nearly 3.5 percentage points since 2012, the Chinese economy today would be a little more than 40% larger than it is. It is possible to quantify the foregone Chinese output from the slowdown. The surprise was that it took so long to occur. As China’s economy grew – from 2% of world GDP in 1980 at the time of the Deng takeoff to 15% when Xi assumed power in 2012 – an arithmetic slowdown became only a matter of time. Some of the slowdown was inevitable, partly reflecting the law of large numbers: Small economies are better able to sustain rapid growth rates. But under President Xi Jinping, the pendulum has swung back, with 6.6% average growth from 2013 to 2021 much closer to the trajectory under Mao than under Deng. The 10% annualized hyper-growth from 1980 to 2010 was widely seen as the antidote to the relative stasis of the Mao era, when the economy grew by only about 6%. NEW HAVEN – Since the days of Deng Xiaoping, economic growth has mattered more than anything for China’s leaders.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |