Opinion – China’s Internet economy younger, more vibrant than US – Global Times

Here’s a fascinating article, in the Global Times, China’s leading and often politically outspoken newspaper. It reports that China and the US have become the twin engines of global Internet development, and the Chinese engine is apparently younger and more vibrant than its US counterpart, according to the findings of a white paper on China’s Internet economy released on Wednesday.

Source: China’s Internet economy younger, more vibrant than US – Global Times

For years, the US has had the technology and market-driven edge but the article speculates about China’s strategic advantage.

In recent years, the US has had to outsource technology, import foreign labour but has maintained the edge with constant market-driven innovation. But the pressures on young people in today’s US society has triggered record obesity and deaths from opioid addiction.

Strategically, technology remains vitally important, with the expected elimination of many unskilled and semi-skilled jobs in the decades ahead.

Having spent time in both the US and China, I would be wary of simply dismissing the Global Times article.

Also it’s interesting to reflect that last week, President Putin was extolling Russia’s technology sector and encouraging it to develop its own application software and not be strategically dependent on Western companies.

Perhaps, it all depends upon whether the nationalists or the globalists are holding greater sway in Trump’s America?

Thoughts?

China to pour trillions into Belt and Road projects – People’s Daily Online

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)

Here’s an important read in China’s leading paper,People’s Daily Online. It reports that China’s well-funded Belt and Road Initiative has rolled out with thousands of Chinese enterprises going all out in the vast, new market created by participating countries and beyond. It projects that the vast overseas market will become a giant pool of capital, with trillions of dollars of overseas investment and financing in the coming years, experts projected.

Source: China to pour trillions into Belt and Road projects – People’s Daily Online

As I reflected on this article, I remembered that under Trump, America is in retreat economically and geopolitically. It’s a bit sad but surely all’s not lost for the US? Will the next phenomena be China buying up US multinationals on the cheap?