Opinion – A massive Chinese industry is flashing warning signs that the world cannot ignore | China Daily Mail – John Gelmini

English: The skyline of Shanghai, China.

English: The skyline of Shanghai, China. (Photo credit: Wikipedia)

Dr Alf is right.

People in glass houses should not throw stones, and people with dodgy economies, with deep-rooted problems, should not pontificate about China.

We have had stories like this before, along the lines that it would take 20 years for China to catch up technologically, that they would not be able to cope with an ageing population, and that they face breakup because of the legitimate aspirations of Tibetans and Uighurs to achieve independence.

Faced with this barrage of criticism, one could be forgiven for thinking that for them the sky would fall in and that they would be consumed by plagues and swarms of locusts and scorpions.

Every challenge they have patiently dealt with in their own way whilst at the same time creating 25 million nett new jobs a year, something that has never been done in the history of the world.

The criticism perhaps then is that the jobs are sweatshop jobs that nobody in the West or the readership of the Western newspaper involved would want. This may be true but if the alternative is living on a quarter of that salary in rural poverty, then the reality for that worker is a four-fold improvement in their standard of living, and the ability to send money home.

GO OUT/BRING BACK IN is a tough policy to follow but Chinese people in the practically minded categories are establishing themselves in businesses the world over, so in reality the Chinese economy is a lot bigger than the official figures suggest.

John Gelmini

Opinion – China’s domestic airliner deserves salute – People’s Daily Online – John Gelmini

English: Logo of the People's Daily 中文: 人民日报题字

English: Logo of the People’s Daily 中文: 人民日报题字 (Photo credit: Wikipedia)

This interesting post from Dr Alf is representative of what the Chinese are doing at great speed.

650 million people are being taught English, the brightest students are being required to get a degree in China and then get another one in a Western university, often an MBA in international business. When they move into the world of work, they are often required to learn things like software development and be trained by Carnegie Mellon in American English for 12 hours a day with no Mandarin spoken until the day has ended.

Targets for Chinese industry are benchmarked against industries in those countries which are market leaders. Thus, IT/BPO and related software development has a 60% global market share held by India.
China has 20% of this global market but intends to catch up with India within 20 years of 2011 and surpass it by 2032.

Old manufacturing industries are, as we speak, being automated and more practically minded and entrepreneurially minded citizens are encouraged to “GO OUT” and settle overseas, so that the impact on home employment levels is minimised and so that this diaspora can send money home to support elderly relatives.

People in the West are not told much about this in the media and underestimate what the Chinese are doing which is quietly building up shareholdings in companies which own Western strategic assets such as ports, roads, construction companies like Balfour Beatty, transportation, airport management companies, power companies, water companies and car manufacturers.

The day will come when many Britons, Americans, Australians and Europeans find themselves working for the Chinese but that realisation has not yet dawned on our respective politicians or the general public.