11/28/2005

China and its growing economy

In all of my business classes, it seems like China is a popular subject to comment on. While China is enjoying our business, and its large volume of exports, we are enjoying their products, and at a much lower cost. In this China article that I read, I gained a lot of confidence in our economy, as well as China's. Although many are afraid that China is going to "take over the world", the article was quick to note that their relatively recent large boom in growth is likely to level off at some point, and that as Americans we shouldn't feel fearful. China's people are engaging in behavior that is helping them to better their lives, and if we, as Americans act similarly, we too, can have the same opportunity. I believe China is providing an incredible market for competitition, and I think that their growth and success can be a motivator for us to stay up to date, and knowledgeable about the world, and its economy.

2 comments:

Bree said...

I think that the Chinese economy plays an important role in the US economy. Either by giving us new and innovative ideas to market and compete with or by producing things to sell to us that we would rather buy than make ourselves. Honestly, I don't see any reason for any complaints.

Dr. Tufte said...

This is reasonable analysis.