China May Not Place Its Big Bets on America
Right now we should begin to worry about one of the following: 1. A flood of Chinese money is coming and Americans will react rather badly, as they did when big Japanese investments arrived in the U.S. 20 years ago. 2. A…
Is What’s Good for GM, Good for China?
General Motors announced months ago that “China is the future.” it is gearing up for a big push into the low end of the Chinese market, making stripped-down cars and minivans that it hopes will double sales in China to 5…
Chinese Democracy-Catching a Moving Target
Few Americans notice these kinds of things, but this week the Chinese marked—we cannot say celebrated—the 92nd anniversary of the May 4th Movement, the groundswell of democratic agitation that began on that date in 1919. May 4 was also a…
The Next China: A Powerful Consumer Society
It looks like China finally is about to take a great leap forward. Beijing at last recognizes that an overheating economy is threatening to spin out of control and that it has a serious inflation fight on its hands. And…
Developing Countries Plan to Challenge U.S. Dollar
New eras do not announce themselves with billboards or welcoming brochures. They arrive by way of many disparate events. Last week we witnessed one: the gathering in southern China of leaders from the world’s most dynamic emerging economies –the nations we now…
The Pacific Century: Can the U.S. Compete?
Remember those astonishing test scores that came out late last year — the ones that measured science, reading and arithmetic proficiency according to an international standard that included China for the first time? Not even the Chinese could quite believe…
Japan: The Meltdown of Growth-At-Any-Cost
Long before the worst earthquake in Japan’s history produced the worst nuclearaccident in Japan’s history, nuclear power had acquired a menacing reputation among many Japanese. If the crisis in triplicate at the Fukushima power plant (where four nuclear reactors are…
The Real Reason China Should Worry America
A century ago this year a stupid little book called The Yellow Peril, by one G.G. Rupert, was published to popular acclaim. It was a prejudicial diatribe, but you have to ask how far we’ve come, given how fretful Americans…
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