China’s Global Growth

Managing a supply chain for a small part of a $12 billion corporation in the US sent me to many countries in Asia. This included China. I was able to see the old aspects of it such as The Wall and the Tombs while there. I also saw the rebuild of the nation and the enormous traffic jams getting back into Bejing from visiting suppliers and our plants.

China’s report on its GDP growth,

In answer to Joel’s commentary, “China taking the lead on nuclear power.” I reposted Kaleberg’s comment as taken from Joel’s Commentary.

China took the lead on solar power as well.

The CCP still believes in state capacity unlike the West where, ever since the 1980s, belief mystically turned to the demonstrably ineffective private sector. Reagan’s election in 1980 was seminal. The US was going to support its fossil fuel industry rather than developing new technologies like solar and wind. One of the first things Reagan did was take the solar energy system off the roof of the White House.

Just about every modern technology was originally developed by the government. The steam engine was an outgrowth of England’s military need for cannons. Computers were an outgrowth of the US need to tabulate its census. You can go down a long list, but in the 1980s, the West stopped believing in government and we’ve stagnated since. Qian Xuesen must be laughing.

It has been a few years since I have wandered the cities of China. The only negative I heard from one citizen was about the rows of new apartments being built in other cities around Shanghai. The engineer complaint about the new apartments was; “most of the Chinese population would not be able to afford live in them.”

And the future? We are moving from creating new technology and improving the overall economy to making a few billionaires wealthier. In turn, China will not give a damn about Trump and the US. China will just work around us with the rest of the world. They will progress.