When Will China Overtake the U.S. Economically? [View article]
Excellent article. I generally agree with the author's line of thinking.
Just a thought on this who is bigger business- those on the side fanning fear in u.s. about the rise of the Chinese economy - will very likely to miss the growth opportunity there from investment perspective.
Those overly optimistic about the Chinese economy - should recognize there are many challenges as pointed out by the author.
I am personally on the optimist camp though. China's leadership since Deng all have been intellectuals and they continue to manage the country well.
China's use of IT is still very low compared to U.S. standards. Productivity for individual workers in China still has tremendous room to grow. Also, western style and modern business management are starting to proliferate in China.
I am betting on 10% growth for the next 10-20 years.
-
Excellent article. I generally agree with the author's line of thinking.
Feb 26 12:59 pm
|Rating:
0
0
All Comments by the US and China Today blog »When Will China Overtake the U.S. Economically? [View article]
Just a thought on this who is bigger business- those on the side fanning fear in u.s. about the rise of the Chinese economy - will very likely to miss the growth opportunity there from investment perspective.
Those overly optimistic about the Chinese economy - should recognize there are many challenges as pointed out by the author.
I am personally on the optimist camp though. China's leadership since Deng all have been intellectuals and they continue to manage the country well.
China's use of IT is still very low compared to U.S. standards. Productivity for individual workers in China still has tremendous room to grow. Also, western style and modern business management are starting to proliferate in China.
I am betting on 10% growth for the next 10-20 years.