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Will it be China's century?

Discussion in 'International Forum' started by Mallaba, Oct 20, 2010.

  1. Mallaba

    Mallaba JF-Expert Member

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    Oct 20, 2010
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    The deal is done: Geely, until a few years ago a relatively unknown Chinese carmaker, has got its hands on an iconic marque, Volvo. Even though the Swedish company has long been mired in difficulties and integration is likely to be a painful process, are some Western media, politicians and public opinions right when they are worried about a "Chinese economic imperialism" ?
    For Napoleon, China was a giant best left to sleep lest it shake the world. Now that it is rousing itself, what sort of power are we dealing with? Predatory or restrained? Economic or military? Responsible or inward-centered?
    Analysing whether China is a force for good in the world or whether its ascent simply reflects the decline of others can point to reasons for hope - or for concern - in the century to come.
    The Chinese economy today is in rude health, accounting for more than 50 percent of global growth last year. Some local players have acquired the technological expertise that puts them on a par with their international peers. Should the Western firms ride on their coattails and reap the benefits, like Airbus with its assembly line in Tianjin or like Safran, which is providing the engines for the C919, future rival of the A320? Or should Western firms slink away, fearful that by transferring know-how we will be creating a new generation of competitors? The path taken by some groups - including Apple, even though its products are extensively imitated, or Nokia, which is investing in a global research and development centre - seems to suggest that the only solution is constant innovation and creativity.
    In the financial sphere, the contrast between Western and Eastern strategies is extraordinary. At the very moment when the markets are weak, China launches short-selling - a practice that the West has looked upon with disdain since 2008. Same with insurance companies being allowed since Sept 5 to invest in Private Equity - at a time where Solvency II regulation might wipe out insurers from this asset class. And at a time when the recovery is still uncertain, the new ChiNext stock market took off with a roar. With the debate over tax havens in full swing, Hong Kong is positioning itself as the financial center of choice. And just as Europe is showing the door to investment funds, the sector is booming in China with the declared aim of financing innovation and, possibly, the optimization of State-owned enterprises.
    The war for talent is heating up. CIC, China's sovereign wealth fund, has been recruiting in New York and Europe in recent months. The fact that London has now become one of the most heavily taxed cities in the world is triggering a brain drain to Hong Kong, Singapore and Shanghai. Is that China's fault? Surely it's down to a lack of foresight on the part of the United States and Europe.
    When it comes to assets, China is indubitably hungry for mines, technology and brands. That is the logical conclusion of its role as the workshop of the world, which, incidentally, has richly rewarded shareholders across the globe. The risk of friction is real. However, in some cases, Chinese groups have merely been taking advantage of the noted absence of international companies. On that score, the blame has to be attached to the lack of a long-term and scalable industrial vision in Europe and the US. Investment in research and development, with the failure of the Lisbon agenda, and the development of green industries are among the casualties. China's investment in the cleantech and energy sector surpassed last year the cumulated investments of both Europe and the US.
    Finally, the new frontiers: Africa conducts more trade now with China than it does with the United States. Relations with Brazil can be judged by the presence of more and more Brazilian businessmen in Beijing or Hong Kong. China is filling the void left by a Europe that is still hesitating between its colonial past and its abandonment of Africa since the 1970s. Tension is palpable between those in favor of capitalising on China's dynamism and others who are opposed on moral grounds opposition that is laudable but scarcely credible when viewed through the prism of history. It is also beyond dispute that China has enabled many countries that globalisation has passed by to invest at least a little.
    The rise of a powerful China can be likened to the rewinding of a clock that stopped several centuries ago. But we also have the picture of a country with different values, an intense desire to catch up and learn, and an infinitely malleable pragmatism. For all of China's undeniable successes and its new self-confidence, it is the shortcomings of the US and an un-ambitious European Union that have abruptly hastened the emergence of the Middle Kingdom.
    The author is managing partner of a European investment group, Beijing.
     
  2. babukijana

    babukijana JF-Expert Member

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    Oct 20, 2010
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    wameruhusiwa kutengeneza volvo za kichina kwa ajili ya afrika na middle east,ukitaka volvo orijino lazima uwaone waswede.
     
  3. Omuregi Wasu

    Omuregi Wasu JF-Expert Member

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    Oct 20, 2010
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    poa dogo mallaba. tumekusoma..... China inatisha ila wabongo wengi tunadhani ni wachakachuaji wa utengenezaji bidhaa. Come China and see!!
     
  4. Mallaba

    Mallaba JF-Expert Member

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    Nov 27, 2010
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    Sio kwamba wameruhusiwa,hawa jamaa wameinunua kabisa VOLVO na kwa kuwa saidia hao wasweede ili wasikose ajira wakaamua kuacha shughuri zote huko huko sweden, ingawa wanafungua viwanda na assembly zingine China na maeneo mengine..
     
  5. admissionletter

    admissionletter Senior Member

    #5
    Nov 27, 2010
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    I like the Chinese upsurge as a competitor to the US. I don’t like the US dominance!! But the problem is China does not have the strategy to dominate the world socially. It doesn’t have the hype culture to obsess the world (the hip-hop, etc!) as well as the movies (the Hollywood!). So if China wants to dominate, it needs to addict us on the social front as the Americans have done. What do you think?
     
  6. H

    Haki JF-Expert Member

    #6
    Nov 27, 2010
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    So interested, kwa sababu hawa jamaa watalast kwa muda mwingi tofauti na Marekani. Angalia Marekani, imetawala dunia less than miaka 50 hata karne moja hawakufikisha na tayari washaanza kuanguka.

    Tatizo kubwa la kuanguka kwa Marekani ni wakati ilipokuwa ONtop ilikuwa inatumia hela nyingi ktk vita visivyo na msingi kama vile Vietnam, Iraq, Afhg, nk.

    China itaweza kutawala kwa muda mrefu iwapo haitokuwa na siasa kama za Marekani au Germany wakati wa Hitler.
    Sema so far, hawa jamaa Wachina wapo ktk njia nzuri ya kutawala dunia kwa muda mrefu sana. Naamini hawa jamaa wanaweza kuijenga Afrika kwa muda mfupi sana.
     
  7. H

    Haki JF-Expert Member

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    Nov 27, 2010
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    Umesahau impact ya Bruce LEE ktk dunia? Dunia nzima inapenda movies za kichina za Kung-fu.
     
  8. admissionletter

    admissionletter Senior Member

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    Nov 27, 2010
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    Ni kweli Haki lakini kizazi cha sasa hakijui Bruce Lee. Hata mavazi ya vijana, maongezi, na "Swagger" kwa ujumla ni US si China! China inabidi waiteke dunia kwa culture (including language also) Watu wanapenda kusafiri kwenya US na si China na hii inasababishwa na culture issues. Unaonaje?
     
  9. M

    Matarese JF-Expert Member

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    Nov 27, 2010
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    Kwa taarifa nilizo nazo, China majuzi wametengeneza the fastest supercomputer a huma being has ever made, hadi wamarekani wenyewe wame appreciate!
     
  10. Questt

    Questt JF-Expert Member

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    Nov 27, 2010
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    Hawajaishia hapo. wana the fastest Bullet Train on Earth with their own Technology na inafanya safari zake Beijing - Shanghai kwa sasa.....then itakuja kutoka Guangzhou - Beijing.............Hawa jamaa wanatisha......Now ndo makampuni yao yanajenga Africa. Uzuri wa hawa jamaa wanaiheshimu sana pesa no matter how kidogo itakavyokuwa.
     
  11. H

    Haki JF-Expert Member

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    Nov 27, 2010
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    Kusafiri kwenda Marekani kwa sasa hivi ni kutokana na uzuri wa Marekani. China pamoja na kuwa na uchumi mzuri bado kuna poverty ndani ya China, tofauti na Marekani. Lakini China itabadilika, na baadaye utaona watu wengi wanaenda China zaidi kuliko Marekani.

    Hip Hop sasa hivi ni popular culture. Marekani ndipo ilipoanzia hii popular culture. Siyo lazima kwa China kuwa na popular culture kwa sababu China ipo tofauti na Marekani. Marekani ni multiculture countries, ina raia wa mataifa yote duniani. Hii ni moja ya sababu ya culture Marekani kupendwa duniani.

    Lakini tusiunderstimate impact of China ktk popular culture. Angalia, Japan walivyoweza kuistablish play station game kuwa popular culture. Sasa hivi kila mtu anapenda kutumia playstation.
    China watakuwa wanaongoza ktk kuinvent new tecknology ktk miaka ijao, ambayo watakuwa na impact kubwa sana ktk dunia.
     
  12. The Spit

    The Spit JF-Expert Member

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    Nov 27, 2010
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    Haha I like your point of concern!..unfortunately CHINA will never succeed to deliver on this category,I mean culture,entertainment e.t.c,they are also busy learning entertaining American culture.They will deliver on Technology,Economy and all that...Chinese are hardworking,disciplined,hungry for money and success.It's pretty awful living poor in this part of the world..A chinese will do anything to get rich,even if it takes learning calculus throughout his life,and trust me he can do it.
    They say here,in china nothing is impossible.Just say it,be it you want it real or the other way around!..They'll deliver!
     
  13. Mallaba

    Mallaba JF-Expert Member

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    Nov 28, 2010
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    sure,I agree with you that Chinese will do whatever it takes to make it done.They are most busy and persistance ever I have seen in my life.Now they are studying English ,mimicking and recite almost like English speakers and 10 years to go most of chinese will be speaking English without any problem which means that they are going to show the world that they are no longer isolated as before.
    More over Chinese contribution to the world is now very significant in all sectors from peace and stability emergencies to social and development strategies
     
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