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China Does Capitalism Better Than America

China Does Capitalism Better Than America

The BriefGet Up To Speed

For all appearances, China has emerged unscathed from the global economic crisis, in stark contrast to its biggest debtor, America. China'€™s admirers point to its ability to mobilize state resources, quick decision-making and business-friendly environment as reasons for its economic ascendency. But can its brand of state-directed capitalism overcome rampant corruption and the threat of growing inequality, or will the American model of innovation and free markets prevail?

  • Orville Schell

    7 Items
    • Director of the Center on U.S.-China Relations at Asia Society
    Read Bio

    Orville Schell interview, Real News Network, April 7, 2011 & May 14, 2011 Schell discusses American debt and what’s happening inside China in an interview with Real News Network.

    Saturday, May 14, 2011

    Orville Schell interview, Real News Network, April 7, 2011 & May 14, 2011 Schell discusses American debt and what’s happening inside China in an interview with Real News Network.

    Saturday, May 14, 2011

    Orville Schell, Atlantic, February 14, 2012 From here on, as China's wealth and power increases, its national challenge will be to start letting itself feel sufficiently reinstated in the congress of great nations that it does not need to wallow in narratives of victimization, or be so militant about grasping symbolic demonstrations of its equality or superiority.

    Tuesday, February 14, 2012

    The world’s biggest corporation and the world’s most populous nation have launched a bold experiment in consumer behavior and environmental stewardship: to set green standards for 20,000 suppliers making several hundred thousand items sold to billions of shoppers worldwide. Will that effort take hold, or will it unravel in a recriminatory tangle of misguided expectations and broken promises?

    Thursday, December 1, 2011

    The changing relationship between China and America will be one of the defining foreign policy issues of our times. To understand its dynamic, says the sinologist, we must take account of China's lingering sense of victimhood.

    Wednesday, September 9, 2009

    The bitter new reality is that the US and “old Europe” have recently edged closer to becoming “developing countries.” If the Obama administration and EU officials cannot figure out the proper mix between economic engagement and protecting national security, investment capital from China will go elsewhere.

    Monday, August 23, 2010

    China is finding it ever more difficult to straddle the divide between its anachronistic political system and its booming market economy. A reconsideration of the country's political future must come soon. Fortunately, China can find guidance in its own history: a previous generation of reformers who sought to balance the imperatives of modernity with the best aspects of Chinese tradition.

    Wednesday, September 9, 2009
  • Peter Schiff

    4 Items
    • CEO & Chief Global Strategist, Euro Pacific Capital
    Read Bio

    Why Euro Pacific Capital CEO Peter Schiff will argue that China does economic policy better than the U.S. at the Slate/Intelligence Squared live debate on March 13.

    Friday, March 9, 2012

    Schiff discusses the U.S.-China trade imbalance at a Council on Foreign Relations meeting, a part of the McKinsey Executive Roundtable Series in International Economics.

    Wednesday, March 9, 2011

    Peter Schiff on CNN Schiff on how China is more free market and a better place to start a business than America.

    Wednesday, December 31, 1969

    The global economy has become so unbalanced that even government ministers who would normally have trouble explaining supply or demand clearly recognize that something has to give. To a very large extent the distortions are caused by China’s long-standing policy of pegging its currency, the yuan, to the U.S. dollar.

    Wednesday, January 19, 2011
For The Motion

Today, China is the second largest economy in the world, a great power with global influence, and its people live in increasing prosperity; average life expectancy has reached 74 years. But the Western media’s discourse on China is dominated by misconceptions.

Monday, July 18, 2011
Eric X. Li

The free-market fundamentalist economic model is being thrown into the trash heap of history.

Thursday, December 1, 2011
Andy Stern

The first decade of the 21-century has seen a dramatic reversal of fortune in the relative prestige of different political and economic models.

Monday, January 17, 2011
Francis Fukuyama

China’s economy is still very much state-led, with the government controlling most of the financial system, the exchange rate, and about 44 percent of the assets of major industrial enterprises. That is why China was able to plow through the world recession with GDP growth of 9.8 percent, despite losing about 3.7 percentage points of GDP due to falling net exports.

Wednesday, April 27, 2011
Mark Weisbrot

Dictatorships now understand that they have to provide a good economy to keep citizens happy, and they understand that free-market econ­omies work best.

Friday, June 1, 2007
Kevin Hassett

Nationwide, the number of pilots in China needs to rise to 40,000 from 24,000 in the five years ending in 2015. Air China intends to recruit 600 pilots this year, including as many foreigners as possible.

Tuesday, February 28, 2012
Sydney Morning Herald
Against The Motion

It is easy to equate that effectiveness of execution with good government. But fans of authoritarian regimes, including well-run ones like China, should never forget the agency problem that is their big structural flaw: For their systems to work, dictators need not only be smart; they must also act in the interests of the state, not of themselves.

Wednesday, December 7, 2011
Multiple articles from the Economist

Are American regulations so burdensome that they are driving companies abroad?

Monday, November 7, 2011
Catherine Rampell
China's Economy

An exclusive preview of an economic report on China, prepared by the World Bank and government insiders considered to have the ear of the nation's leaders, offers a surprising prescription: China could face an economic crisis unless it implements deep reforms, including scaling back its vast state-owned enterprises and making them operate more like commercial firms.

Thursday, February 23, 2012
Bob Davis

In its first-ever assessment of China’s banks, the International Monetary Fund declared its financial system “robust overall,” though “the system could be severely impacted if several major shocks materialized concurrently”—specifically, exposure to credit, property, and currency risks.

Sunday, November 20, 2011
Gordon G. Chang

While Asia’s leading economies have been largely immune from the current European economic crisis, the long-term prospects are perilous unless the region uses its strength to assist the global economy. Greater Asian economic integration can stimulate regional demand, boost growth and create more export opportunities for the US and Europe.

Thursday, December 1, 2011
Choong Yong Ahn
Chinese Communist Party
Tuesday, February 1, 2011
Richard McGregor

China is set to undergo a major turnover in leadership at the 18th National Congress of the CCP in the fall of 2012. The composition of the new Politburo Standing Committee—especially the generational attributes and individual idiosyncratic characteristics, group dynamics, and the factional balance of power on the committee—will have profound implications for China’s economic priorities, social stability, political trajectory, and foreign relations.

Tuesday, March 1, 2016
Cheng Li

Nationwide ceremonies and a deluge of media coverage have been mobilized by China’s ruling Communist Party to mark its 90th anniversary today. But all the hoopla cannot conceal the party’s insecure state.

Thursday, June 30, 2011
David Shambaugh

Significant groups in both China and the U.S. claim that a contest for supremacy is inevitable and perhaps already underway. They are wrong.

Sunday, April 1, 2012
Henry A. Kissinger

China has risen from poverty, impotence and isolation to retake its premodern place atop the world economic order. Both the strategic circumstances of our times and the more limited resources available to us demand serious reformulation of current policies.

Thursday, February 23, 2012
Chas Freeman

China's economic rise and its newly amplified voice on the international stage unnerve people and governments across the globe, despite Beijing's best efforts to assuage their fears.

Saturday, November 5, 2011
Peter Ford

Few would argue that the rise of China has world-altering significance. But across the American left there are sharp, sometimes acrimonious differences about what constitutes appropriate and principled responses to China's emergence as a great power, and whether the country's ascendance is promising or ominous.

Thursday, September 2, 2010
Robert Dreyfuss

China has declared to the rest of the world on many occasions that it takes a path of peaceful development and is committed to upholding world peace and promoting common development and prosperity for all countries. At the beginning of the second decade of the 21st century and on the occasion of the 90th anniversary of the founding of the Communist Party of China (CPC), China declared solemnly again to the world that peaceful development is a strategic choice made by China to realize modernization, make itself strong and prosperous, and make more contribution to the progress of human civilization.

Tuesday, March 1, 2016
White Paper of the Chinese Government September 6

Apple defended its right to use the iPad trademark in China in a heated court hearing Wednesday that pitted the electronics giant against a struggling Chinese electronics company that denies having sold the mainland China rights to the popular tablet computer's name.

Wednesday, February 22, 2012
Elaine Kurtenbach

Harsh labor conditions in Chinese factories and the pressure on tech companies, like Apple, to improve them.

Wednesday, January 25, 2012
Charles Duhigg and David Barboza

Developments, progress and some new revelations in the Foxconn story.

Thursday, February 23, 2012
David Pogue
U.S.-China Economic and Security Review

The U.S.-China Economic and Security Review Commission was created by the United States Congress in October 2000 with the legislative mandate to monitor, investigate, and submit to Congress an annual report on the national security implications of the bilateral trade and economic relationship between the United States and the People’s Republic of China, and to provide recommendations, where appropriate, to Congress for legislative and administrative action.

Tuesday, March 1, 2016
U.S.-China Economic and Security Review Commission November 16

If anything, China is doubling down and giving state-owned enterprises (SOEs) a more prominent role in achieving the state’s most important economic goals.

Wednesday, October 26, 2011
Andrew Szamosszegi and Cole Kyle

A forthcoming study by the federal government reveals that Chinese solar panel makers are selling their wares at a loss, either because they have the cash reserves to take the hit or because their government is propping them up.

Tuesday, January 24, 2012
Christopher Mims

There's a solar trade war going on inside the U.S., sparked by an invasion of inexpensive imports from China.

Thursday, January 19, 2012
Christopher Joyce

U.S. scientists have used satellite data to create the first estimates of ground-level particulate pollution in China.

Monday, February 20, 2012
Angel Hsu

This is the second consecutive year the majority of Americans have viewed China as economically dominant. By contrast, in 2000, Americans overwhelmingly believed the U.S. was the leading economic power.

Friday, February 10, 2012
Jeffrey M. Jones
Related News & Links

President Obama took direct aim at China's trade policies as Chinese Vice President Xi Jinping warned U.S. business leaders Wednesday that the U.S. needs to respect Beijing's core interests and concerns.

Thursday, February 16, 2012
Aamer Madhani

Chinese Vice President Xi Jinping of Chinawas sent interview questions by the Washington Post before his February 2012 visit to the United States. The answers to those questions were sent by the Chinese government and published by the Washington Post on February 12, 2012.

Tuesday, March 1, 2016
Washington Post February 12

The dawn of a Chinese century—and the end of an American one—is not inevitable. This means shoring up our fiscal and economic standing, rebuilding our military, and renewing faith in our values.

Thursday, February 16, 2012
Mitt Romney

Many wealthy Chinese are anxious because, despite China's tremendous progress, the country still faces a lot of challenges. Income inequality is staggering, corruption systemic and public protests a daily occurrence.

Thursday, December 1, 2011
Frank Langfitt

Manufacturing once gave the U.S. its middle-class majority. Can it do it again?

Tuesday, November 29, 2011
Harold Meyerson