Six months ago, I wrote about the "COMAC C919, Challenging the Boeing and Airbus Duopoly." The aircraft was scheduled for production release in 2016. And looks like the plan is proceeding well. The company has reported 100 of the planes having been pre-ordered by various airlines. So, here we are, six years before release, the C919 has already started making dents in this … [Read more...] about COMAC C919 gets 100 orders
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Is it Ever Possible for the West to See a “Responsible” China?
Many in the West have tried to coax China to act more "responsibly." But is it possible for China to ever act "responsibly"? I don't think so - not because China is inherently not "responsible," but because an "irresponsible" China is born out of the imagination of an insecure West. In this atmosphere, the only way for the West to deem China to be "responsible" is for China to … [Read more...] about Is it Ever Possible for the West to See a “Responsible” China?
Top 5 things I thank, wish for in the U.S. of A.
America being the victor of the Cold War means she is the undisputed super power right now. The last two decades could have gone worse, but if we look back, there are a lot of positives. In the context of China, America finally accepted her into the WTO and abolished the discriminatory MFN exclusion. We saw inflow of capital into China which helped China's continued growth … [Read more...] about Top 5 things I thank, wish for in the U.S. of A.
The current global imbalance, a fight between rich and poor
Despite the moral posturing and smearing campaign against China in the Western media on the currency valuation issue, the essence of the current rebalancing of our world economic system is a fight between the rich and the poor (and between the rich themselves). The U.S. really doesn't have this currency valuation issue all that together. Here, NYT reports "Currency Rift … [Read more...] about The current global imbalance, a fight between rich and poor
Fighting for Jobs in a Globalized World
Last week, the U.S. Congress passed a bill that authorized the Obama administration to raise tariffs against Chinese goods in response to China's alleged manipulation of its currency, purportedly to gain an unfair trade advantage. According to this article , while the Obama administration "has not taken a position on the bill ... [t]he vote 'shows lawmakers have serious … [Read more...] about Fighting for Jobs in a Globalized World