"Maybe at some point in the future, if the Chinese manage to see through pollution, they'll see their way clear to realizing that such actions are counterproductive" (Kimelman on China environmental issue)
" China hasn't got everything right since the late 1970s... but I want to emphasize the one thing on the list of what it did right that has made all the difference in the world. It was the push for exports over domestic consumption in the early days of the changeover. China knew that its population would eventually prove fertile ground for business of almost every stripe, from the construction of apartment blocks to fashion to personal technology. China held back on encouraging consumption, however, until it had established itself as a global source for manufacturing and mining output. These exports provided China with the hard dollars (not yuan) that it needed to buy machinery and expertise from abroad. It wasn't until the new millennium, more than twenty years int precess, that China acquired a bulging middle class that's now gobbling up dishwashers and iPhones almost faster than manufacturers can supply them"
"Although economist are noticeably divided on the issue, many business leaders and politicians in the United States argue that the Chinese should let their currency rise-they say the Chinese are keeping the value of the yuan artificially low, which means foreigner(like the United States) are paying artificially low prices for Chinese goods. Maybe so. Here's a sobering thought, though: Since many of the things we import from China are no longer produced here, a rise in the yuan and a decline in the dollar will make the trade deficit worse because it will simply cause us to pay more for the imports we can't do without, like toys and shoes"
"I think we'd better off putting our own house in order than bashing China"
Quoted from Nancy Kimelman's Common Cents
" China hasn't got everything right since the late 1970s... but I want to emphasize the one thing on the list of what it did right that has made all the difference in the world. It was the push for exports over domestic consumption in the early days of the changeover. China knew that its population would eventually prove fertile ground for business of almost every stripe, from the construction of apartment blocks to fashion to personal technology. China held back on encouraging consumption, however, until it had established itself as a global source for manufacturing and mining output. These exports provided China with the hard dollars (not yuan) that it needed to buy machinery and expertise from abroad. It wasn't until the new millennium, more than twenty years int precess, that China acquired a bulging middle class that's now gobbling up dishwashers and iPhones almost faster than manufacturers can supply them"
"Although economist are noticeably divided on the issue, many business leaders and politicians in the United States argue that the Chinese should let their currency rise-they say the Chinese are keeping the value of the yuan artificially low, which means foreigner(like the United States) are paying artificially low prices for Chinese goods. Maybe so. Here's a sobering thought, though: Since many of the things we import from China are no longer produced here, a rise in the yuan and a decline in the dollar will make the trade deficit worse because it will simply cause us to pay more for the imports we can't do without, like toys and shoes"
"I think we'd better off putting our own house in order than bashing China"
Quoted from Nancy Kimelman's Common Cents
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