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Tuesday, May 20, 2014

U.S. Is No. 1, China Is So Yesterday

OK article, but not great.

U.S. Is No. 1, China Is So Yesterday - Bloomberg

My take away:

  1. The author wrote The Myth of America’s Decline
  2. The author belongs to the Hoover institue
  3. The author mentions some of the major challenges China has such as wages have increased 19% per year and China will become old before rich.
What was not covered
  1. The economic challenges the US faces.
  2. How China has relocated entire ecosystems for manufacturing
  3. How China is moving up the food chain in value. It's not all about cheap labor in China, but also increased efficiency.
  4. China's popular view of the US
  5. How many see China as bigger than the US
  6. Many major issues in China were not mentioned, such as environmental and corruption.

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