Read Helen's ColumnI was on KTSF Channel 26, a San Francisco Chinese TV station, on Sept. 5, to talk about my book The Chinese Dream and the impact of the Chinese middle class on the U.S. economy.
|
||||
|
|
Forbes: Helen H. WangWhen China’s president Hu Jintao visits the U. S. this week, he will see a nervous America that seems to have lost its confidence. I have been on many radio talk shows recently to discuss my new book The Chinese Dream, the most common question I was asked is “Is China going to take over this country as our economy collapses?”
Rachman cited China’s population, its economic prowess, and its holding of $2.5 trillion in foreign reserves as evidence that China will replace the U.S. as a global hegemony. He lamented “America will never again experience the global dominance … those days are over.” I disagree with Rachman’s assessment that growing Chinese economic clout will necessarily pose a threat to America. I have written about the myths of China as a superpower and global manufacturing power here and here. Today, however, I’d like to focus on what makes America a great country to begin with. Continue reading Think Again: America’s Best Days Are Still Ahead Forbes: Helen H. WangMany people in the U. S. believe that the Chinese currency yuan is undervalued by 25-40 percent, which causes large trade deficits between the U. S. and China and costs hundreds of thousands of American jobs. Last month, the House of Representatives passed a bill that would allow the Commerce Department to impose tariffs on Chinese goods.
To examine how America got itself into indebtedness, Nobel prize-winning economist Joseph Stiglitz argues that the current global financial system causes money to flow uphill from poor countries to rich countries, and it’s self-defeating. Continue reading What Happens When Money Flows Uphill |
||
|
Copyright © 2013 HELEN H WANG - All Rights Reserved |
||||
