A Quote by Chris Matthews
I think the Clintons are going to make their decision based on the merits. And their focus, like mine, is on middle class jobs. We`re in a different world than 1994. The China we dealt with in 1994 is a lot different than the China today in 2015.
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Since China embraced Deng Xiaoping's reforms on 22 December 1978, China has experimented with different exchange-rate regimes. Until 1994, the yuan was in an ever-depreciating phase against the U.S. dollar.
Our focus going forward is on sectors where the life of China's middle class can be upgraded: health, travel, leisure, education, and the Internet. We call it marrying China's growth with global resources.
Shipping middle-class jobs to China, or hollowing them out with machines, is a win for smart managers and their shareholders. We call the result higher productivity. But, looked at through the lens of middle-class jobs, it is a loss.
We [USA and China] have a common responsibility with different numerical targets, and that's the situation ultimately we are going to have with China. We emit six times more per person than they do. It's hard to tell them to cut theirs in half right now until we start moving. Being the ostrich with your head in the sand and tail feathers in the air like some would have us to do while China continues to pollute is simply not an option.
The BRIC countries - Brazil, India, China, Turkey, South Africa, Indonesia even, and Russia - are now new actors. Over the last eight years, China multiplied by seven its economic presence and penetration in the Middle East. And if this happens on economic terms and there is a shift towards the East, the relationship between these countries and Israel is completely different from the United States. And it means that the challenges are going to be different, because China is not supporting Israel the way the U.S. are supporting Israel.
I don't think Donald Trump is a conservative. I think his line on China for example, that he's going to talk tough to China. China didn't create Social Security, Medicare. China isn't spending a fifth of a billion dollars every hour that it doesn't have.
What is applicable is to understand that first of all China has undergone a huge revolution in the last years. Anyone who saw China as I did in 1971 - and for that matter even in 1979, because not much had changed between 1971 and 1979 - and sees China today, knows one is in a different economic system.
China wants control, and China will get control. That's their default modus operandi. Crypto-Tech is no different than the Internet and Web businesses.
Well, I think we are seeing some shifts in manufacturing. China, when you go in and you talk to the big manufacturers there, the biggest problems in mainland China are recruiting and retention. There isn't an endless supply of cheap labor anymore in China. And it's now true that the labor rates in Mexico are lower than in China.
Before I left China, I was educated that China was the richest, happiest country in the world. So when I arrived Australia, I thought, 'Oh my God, everything is different from what I was told.' Since then, I started to think differently.
China has a bigger middle class than the entire population of Europe.
I think there's a tendency, and it's an understandable tendency, to imagine that China makes decisions out of a grand strategy. The reality is that I think China today is operating, most of all, based on its domestic needs.
China's propaganda approach with the West is different than the one used by the Soviet Union, which used Western belligerence to maintain its control over its domestic audience. China's strategy is one of influence and inertia.
First of all, what we [in USA] need to understand is the middle class is what makes us different and exceptional. Every country has rich people, but what has made us different throughout history is that we have this broad-based vibrant middle class.
U.S. exports to China have more than quintupled since China entered the WTO and have grown more quickly than imports. In fact, China is America's fastest-growing export market.
It requires a different holistic approach and a recognition that it's not simply a question of stepping into China's shoes. Our 'Make in India' has to be different from China's in the sense that we have to do a 'taal-mel' or 'jugalbandi' of our IT skills that exist and our evolving manufacturing skills and become intelligent manufacturers.
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