China Law Blog - China. Friend Or Foe? Opportunity Or Challenge? Or, Why Can't We All Just Get Along? - Comments http://www.chinalawblog.com/ China Law for Business en Copyright 2011 Fri, 29 Jul 2011 11:40:55 -0800 Fri, 29 Jul 2011 11:40:55 -0800 http://www.sixapart.com/movabletype/?v=4.32-en http://blogs.law.harvard.edu/tech/rss Aimee Barnes The US has simultaneously embraced globalization in its consumption habits and business practices while eschewing it in politics and media. If we continue to purchase our socks at Wal-Mart for the “everyday low price,” it seems contradictory to get upset when those sock manufacturers relocate to countries that can support the “everyday low price” model. The brilliant Amy Chua had conveyed in her book, World On Fire, that while globalization produces opportunities, it also generates fear, insecurity… Like an ultra-wealthy, acne prone teenager who cannot get a date to prom, America is extremely fragile at this stage in the game. If we want to partake in the global dance, we’re going to have to learn how to fit in. FAST.
China did not cause the US’s economic problems- the US caused the US’s problems… Overspending, reliance on credit cards, cost of the war, and Wall Street’s gross mismanagement. Our financial interdependence on China was a US-based policy decision and should not reflect poorly on China’s global reputation.
In judging by this letter, your friend has great foresight in his business decisions. Survival depends on embracing a globalized food chain, seeking “borderless” opportunities, and thereby creating more jobs based on competitive advantage in an international playing field. By supporting the ‘Buy American’ rider and continuing to bash China in our newspapers, the US will find itself on its own tiny island of isolation and ridicule. I will be the first to admit that my current professional life and future success now relies on China. Additionally, my personal goal is to do everything I can to promote China in a positive light within US business and media circuits. The US-China business relationship still needs a lot of nurturing, counseling, and mutual respect.

]]> http://www.chinalawblog.com/2009/03/china_friend_or_foe_opportunit.html#13165 http://www.chinalawblog.com/2009/03/china_friend_or_foe_opportunit.html#13165 China Business Sun, 08 Mar 2009 18:18:39 -0800 Dan Anonymous It is true that China amass a lot of foreign exchange including US currency through its export trade.But the hard cash went your way in exchange for money papers such as US Treasuries and others.

But instead of utilizing the money prudently by ,say, for building new infrastructures and upgrading and renovating other infrastructures your bankers in their greed loaned the money to subprime borrowers in violation of lending criteria.Or push multiple credit cards and raise lending limits on them to everybody including even an one who is unemployed or still in college.

Now you have to borrow more money for these very infrastructures and thus heaping more debts on yourselves,your children and your grand children...

Anyway that's your business. But had you been more circumspect you wouldn"t be causing so much pain on yourselves and everybody else.

A rider.The theory that the capitalist free market system is the sine qua non consumer/marshaller of the factors of production be it labour,capital or natural resources is indeed just a theory after all viz. it too requires somebody to look over its shoulders.

]]> http://www.chinalawblog.com/2009/03/china_friend_or_foe_opportunit.html#13166 http://www.chinalawblog.com/2009/03/china_friend_or_foe_opportunit.html#13166 China Business Sun, 08 Mar 2009 18:18:39 -0800 Dan shenlawyer Before I become a lawyer, I also run a small trading company(Now I turned it to my wife and my son). We import what we called underpacking paper(from printing industry) from USA. This is business and it does nothing with politics. Their products are the best quality and competitive in price. That is why I import the paper from them. I don't care whether it will create job opportunity in USA or whether it will drive someone out of job in China. Don't link the business with politics.

]]> http://www.chinalawblog.com/2009/03/china_friend_or_foe_opportunit.html#13167 http://www.chinalawblog.com/2009/03/china_friend_or_foe_opportunit.html#13167 China Business Sun, 08 Mar 2009 18:18:39 -0800 Dan Paul L. Silverman Dan - your question is much too esoteric for me. But I do want to make contact with the company in the email story to find out if they are sourcing other renewable energy products such as enhanced geothermal systems. Would you send me their contact info?

]]> http://www.chinalawblog.com/2009/03/china_friend_or_foe_opportunit.html#13168 http://www.chinalawblog.com/2009/03/china_friend_or_foe_opportunit.html#13168 China Business Sun, 08 Mar 2009 18:18:39 -0800 Dan gregorylent link bait? pointless topic, dated

]]> http://www.chinalawblog.com/2009/03/china_friend_or_foe_opportunit.html#13169 http://www.chinalawblog.com/2009/03/china_friend_or_foe_opportunit.html#13169 China Business Sun, 08 Mar 2009 18:18:39 -0800 Dan James 'The collapse of America is unavoidable'
09 March, 2009, 10:57

America must work on starting a new economy and not restarting the old one or it will resemble the former Soviet Union, says author and blogger Dmitry Orlov.

http://www.russiatoday.com/Top_News/2009-03-09/_The_collapse_of_America_is_unavoidable_.html

]]> http://www.chinalawblog.com/2009/03/china_friend_or_foe_opportunit.html#13170 http://www.chinalawblog.com/2009/03/china_friend_or_foe_opportunit.html#13170 China Business Sun, 08 Mar 2009 18:18:39 -0800 Dan Spencer Why can't we all just get along? Humans still have a genetic predisposition to tribalism that provided an evolutionary advantage back in the caveman era. These days it often lays dormant but is periodically roused by politicians trying to consolidate their own power. In other words it was once a feature but is now a bug.

]]> http://www.chinalawblog.com/2009/03/china_friend_or_foe_opportunit.html#13171 http://www.chinalawblog.com/2009/03/china_friend_or_foe_opportunit.html#13171 China Business Sun, 08 Mar 2009 18:18:39 -0800 Dan brian In my view, trade in business is just another (though very complex) form of social communication. I believe this is generally mutually beneficial between nations, as long as both parties hold responsibility for the ultimate outcomes. How can we increase communication amongst different peoples? What good would that do in the long run? …what are the risks?

]]> http://www.chinalawblog.com/2009/03/china_friend_or_foe_opportunit.html#13172 http://www.chinalawblog.com/2009/03/china_friend_or_foe_opportunit.html#13172 China Business Sun, 08 Mar 2009 18:18:39 -0800 Dan Inst Is it necessarily a good thing that we all get along? Competition is what drives capitalism; perhaps in the future there can be a planned socialist economy which can harmoniously and efficiently allocate resources, but would that be a good thing, for all people to exist in orthodoxy to that system?

But anyways, did anyone refute the comedian Colbert's Frenemy formulation yet? Yes, China as an ademocratic country that does not acknowledge American supremacy poses challenges to the United States, but at the same time their cheap goods and bond-buying improves the American living standard. That 1.3 to 1.4 billion people will enjoy improved standards of living is also a double-edged sword, their new wealth will become a strain on the environment and increase the prices of raw resources, but at the same time with improved infrastructure and education, who knows what new technologies will emerge?

]]> http://www.chinalawblog.com/2009/03/china_friend_or_foe_opportunit.html#13173 http://www.chinalawblog.com/2009/03/china_friend_or_foe_opportunit.html#13173 China Business Sun, 08 Mar 2009 18:18:39 -0800 Dan H. Colburn Great article. I appreciate you asking the questions and not letting us all just rest on our assumptions. I tend to agree with you that we just don't know China's plans well enough yet and they may not know them either. At this point, I think we should just give it all some time and in the meantime we continue to engage in trade with China that benefits us both.

]]> http://www.chinalawblog.com/2009/03/china_friend_or_foe_opportunit.html#13174 http://www.chinalawblog.com/2009/03/china_friend_or_foe_opportunit.html#13174 China Business Sun, 08 Mar 2009 18:18:39 -0800 Dan