It’s been some time since I blogged. I have had to deal with a series of health issues …
In any case, I thought I’d share a few quick thoughts about Trump’s historic win.
The day before the election, the New York Times estimated Trump’s chance of winning at 16% – but compared to most other “pundits,” I think they were being kind. But history had a way of making history. People voted for Trump because despite Trump!
I agree with pugster that Trump’s win is good for the U.S., good for China, and good for the world. Here are some reasons. Continue reading Trump for Peace and Prosperity
As the current world economy crisis drags on, there are still lingering hopes that China just might remain a bright spot in the world economy and help lead the world back to recovery. Continue reading On the State of China's Economy and the Global Economy
Since China opened to the world some 30 years ago, China has witnessed unprecedented economic development and growth. However, the economic relationship China has with the West has been a decidedly subservient one.
In the global economy, China would specialize in making high volume, low cost products in return for high value technology and services from the West. The profit that China makes would be recycled back to the West (especially the U.S.) in the form of loans / credits. Despite the recent global financial crisis, I do not expect this basic pattern to change any time soon.
However, the time for some change may be afoot. For one thing, many economists in the West now seem to be more willing to acknowledge that the Chinese economic growth may be sustainable for the long term. Even the Economist has been showing more confidence and optimism for China as of late. Continue reading Time for a More Equal Economic Partnership Between the U.S. and China?