 |
 |
 |
 |
 |
 |
|---|
Prospects
An iconic billboard in the quintessential boom city of Shenzhen features Deng’s famous statement that China's “basic line will not waver for 100 years.” If Deng was right, we are less than one-third of the way into the era of “reform and opening.” But four challenges identified by Premier Wen Jiabao in 2010, that growth becomes “unbalanced, unstable, uncoordinated, or unsustainable,” threaten the boom. The key to balance lies in increasing the consumer share of GDP, allowing China to create a modern consumer economy. Stability will depend on the government's ability to address grievances as the gap between winners and losers widens. Coordination is the great test facing the ruling Communist Party, of whether it can manage the politics of growth without fundamental changes to the system. Sustainability is an issue that has global implications, as citizens of a warming planet watch anxiously to see if China is successful in greening the boom. The fifth great challenge, left out by Premier Wen, may be the external one: whether the world is successful in making room for China. |
||
US and China Are in the Same BoatPeriod: Prospects
|
Click to expand There is a social theorist named Giovanni Arrighi, he is teaching at Johns Hopkins. He has a book that was recently published; the title is very interesting, it is “Adam Smith in Beijing.” And he says Western Europe benefited from China and India in the past, benefited from the world system centered in Asia in the last millennium. But, now, the current world system is built and protected by America that China is part of this system. China benefits from this system. I think he’s very right, he’s a true thinker on that. He realizes, not a single country can escape from globalization, it’s a fact you have to take. Now of course, it’s upon yourself [to decide] how to utilize the chances and opportunities that presented by globalization, and China, somehow, has taken full advantage of this round of globalization. So, my opinion is that China benefits from the current world system, and the US and China, the world, is in the same boat. I do not like the idea of delinking China from the world system. Of course, there’s a strong voice in China trying to say that China should delink from the world system. I think that’s a very short-sighted view.
|
Cite this Source >>
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Add New Comment
comments powered by Disqus