The article offered good general viewpoint about China situation, IMO.
China economy started to take off about 15 years ago since Deng Xiao Ping made great political and economical reforms in China, including allowing and encouraging private companies to run businesses in the country, which had been totally banned under the communist government since 1949. As I can see, the direction and the momentum for the China economy have been formed in the current historical period, it will continue to move in the up trend and high speed for the next few decades. No matter who's in power.
>>Last August Singapore’s prime minister, Goh Chok Tong, called China’s continuing growth “scary,” and urged his countrymen “to secure a niche for ourselves as China swamps the world with her higher-quality, but cheaper, products.”
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I have been seeing their products here in North America and I visited China in 1989, 1993, 1996 and last month and witnessed the huge changes in the country. Tong got a good reason to make that remarks.
Many countries fear about this rising giant. Their worry is not without reasons. Currently the Chinese government seems to be moving to improve its relations with the neighboring countries like India and Japan. Which would be good for both China and the region politically and economically. As long as China is not overly ambitious and misuse her power, like making preempt strike to the other smaller nations ;) She should be OK. |
