Hu Visit A Reminder Of One Way China Leaves U.S. In The Dust: "As Chinese President Hu Jintao visits the United States, much of the domestic commentary is focused on how his country should be more like the United States -- how it should properly value its currency, improve its human-rights record, open its borders to free trade, consume more and save less.
But as the leaders of the two biggest economies meet, it's hard to overlook the fact that one is lagging and the other is booming. That raises the question: Are there ways that the United States should be more like China?
And the answer is: Maybe one.
China, after all, has one heck of an industrial policy. Its government is actively involved in growing its manufacturing base, using vast government subsidies, tariffs and incentives to make sure more and more of its citizens have jobs making things"
Tuesday, January 18, 2011
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