Replies

China has made a great deal of success lately.

The great nation of China has begun to learn about Western engineering. So far, so good.

But probably, China will never be able to compete with a European nation like Germany in this respect. The overall IQ level of the Chinese is far too weak, worker skills are at a very low level and the business life lacks flexibility as well as competent leadership. Corruption is also very high in China.

These factors compose major threats to continued economic growth.

Still, it is a good thing China is willing to re-orientate its present strategical direction from one of quantity to goals of quality.

China has a lot to learn from Western Europe when it comes to branding and manufacturing skills and it better act very humbly in its onward progression if it wishes to compete with the nations presently viewed as leaders of marketing luxury consumption goods.

Sweden can come up with updated versions of Koenigsegg performance cars month after month. China can not.

Again, my Sweden is an ‘innovation economy’, while China and India presently are in the process of catching up with technologies and science we Westerners have been using for decades.

You're right in a sense that China's business life is not as flexible as the West. And corruption is higher than in the West. But I believe China will change in this area as she faces a do or die situation as she integrates her economy closer with the West. But you are right, corruption and how she liberates her economy is a test on how well she will move ahead.

As far as IQ, not sure if workforce, Western or Chinese are measured in that. One thing that is measured, are math scores from students, grade school through college, and consistently Asian countries top Western countries in general. And this includes China. And these tests are typically developed by the West.

I would say, China has alot to learn from the West in general, both North America and the European Union. The US has the upper hand between Europe and itself when it comes to technology, globalization, etc. But Europe, as a whole, does come in at a close second. But in the near term, i.e., the next decade, she will likely gleen more from Europe than the US. For the simple reason that Europe doesn't view China as much of a threat as the US. But also, Europe is going through economic upheaval at this moment. And Europe will be more open for Chinese involvement in technology. We already see that in that Europe has helped China in satellite technology.

There are two roads for China, she will either get caught in what is commonly referred to as the "Middle Income Trap", in which most developing countries get themselves in. And this is due to many of the things you talk about, corruptions, liberalization of the economy, etc. But also, the inability to adapt the latest technologies. However, I believe China will escape this trap and forge ahead.

The Koenigsegg looks like an impressive car. But one thing we need to keep in mind, as innovative as the Sweden and the other Scandanavian countries are, they still are only 25 million people. Meaning, most of the innovations that have been developed by the West were done outside of Scandanavia. I'm sure Sweden have contributed beyond her proportion, of course, but still a smaller pie, than compared with the US, UK, Germany, etc. And just as Sweden can thrive as a first world nation using technology developed by other countries, so too can China. In China's case, of course, she will need to be the most innovative if she wants to achieve first world status. A larger country simply needs to develop more marketable patents than a smaller one.

Once again, to re-affirm your belief about Scandanavia, I agree, that China, for most of the rest of the 21st century, will unlikely have a higher per capita than Norway, Sweden, Finland, etc. But as a whole, as she adapts Western technology, will likely have a larger economy than the 27 nation EU before 2030.

As I had mentioned earlier, most technology, once the patent expires, can be copied and sold legally on the global market place. That's how Lexus got its start. Toyota bought two Mercedes vehicle, took it completely apart. Then created something that was close. But over the course of the last 20+ years, upgraded so that, that for the same amount of money, many choose the Lexus over the Mercedes.

This access to Western markets, while using technology that are no longer protected by patents, is how China will step her way up towards an equalvalent to the Western world. And doing her own R&D in parallel of the latest with the West. An example, researching graphite reactor design while still trying to catch up on traditional reactor designs.

In the long run, I do believe China, as a whole, will be a peer to the entire European continent from Portugal to Ural Mountains (which includes the European portion Russia) before 2040.