FREEDOM OR BEFORE prosper? The chicken & egg CHINA (Rana Foroohar - Time) | Ngoclinhvugia's Blog
There are many questionable points in the common understanding of China, vencanice pepeljuga one of the questions most chicken tendons: China to get rich before he became a free country or not. The concept is that as China develops into a middle-class country, it will take the style liberal democracy of the West, including the system of good governance and transparency, a strong legal basis and more independent, and numerous civil rights will be respected and protected. But as visited China in the past two weeks, I've heard a version of the transshipment interesting chicken and egg: if you want to become more prosperous, vencanice pepeljuga China needs to become more freely - and not Procrastination.
The argument revolves around two factors. First, China is a middle-income country. Per capita income in China is now over $ 5,000 per year, and many coastal areas have double income (over $ 17 000 in Shanghai and Beijing). This is considered vencanice pepeljuga a middle-income international (note that the cost of living is much lower in China than in the U.S. lives). Indeed, many Chinese people are much richer than that: There are over a million millionaires in China, and many Chinese can afford all the luxuries of Western youth. Cities such as Shanghai, Beijing, Wuhan, vencanice pepeljuga Chengdu city is full of shops for luxury children, teeth whitening room, bustling vencanice pepeljuga Starbucks lattes sold for U.S., and the Kaplan center type , expensive prep for Chinese youth in the UK and U.S. boarding vencanice pepeljuga schools.
At the same time, China's economy is changing. Increasingly less on cheap exports, and more complex vencanice pepeljuga in terms of production, and new types of services, as well as real estate. According to Andy Rothman, a macro-economic experts are highly bank CLSA in Shanghai, sclerotic public sector means that the private sector is creating nearly 100% of new jobs in China China. vencanice pepeljuga And the private sector requires strong law of contracts than for survival. "China's economy is increasingly vencanice pepeljuga driven by the business, intellectual property, and real estate, but it did not have jurisdiction," Rothman said, referring to the fact that the judicial system is and ineffective decisions tend erratic. When the economy slows, as it is now and will continue as China still climb the economic ladder, the higher the risk of legal conflict will develop. State data show that, from 2008 to 2012, commercial litigation and civil maritime-related overseas, usually in disputes over things like intellectual property, up 57%.
Even if the contract is protected, the penalty is negligible. John Ford, CEO of Diamond Power Company in Wuhan, a subsidiary boilers accessories made in China by a U.S. company, told me that although his company had to compete with many firms at counterfeiters local, as American companies did not have any because a lawsuit is almost impossible to win the event, and compensation is not worth much. The local government in Wuhan Diamond Power to do more advanced equipment, but Ford said the parent company in the United States are "wary" about the theft of intellectual property. "China needs a better system to deal with this problem," said Rothman, or investment will decline. Experts from places such as the World Bank and the Shanghai Institute of International Agree Department. vencanice pepeljuga Ideally, the Communist Party must comply with the national legal system, such as the Chinese constitution. But, Rothman and others vencanice pepeljuga said that people can not see that changing in the direction of the next ten years, this is headwinds will continue to stagnate the economy rebalance China.
One can see the earlier civil rights reforms, especially innovation system "household" China's population is currently divided into two unequal class - people in rural and urban population . Since the 1950s, China did not allow the rural population to the cities to work, to social benefits such as health care, pensions and education. They can only receive benefits if they return to their village - and said social services in rural areas spend a fraction of what they are entitled to live in the city. Migrants have no legal rights in urban areas, they can not send their children to local schools, the income of a fraction of what legal residents in the city to earn, and they are not buying Real estate in the city, worth approximately 60% of personal reinvention in China. According to the 2030 report of the World Bank in China, the hukou system has created huge inequalities, financial, social, and education, among urban residents legally, and 230 million people unofficial migration now accounts for 17% of the population in urban areas.
There are many questionable points in the common understanding of China, vencanice pepeljuga one of the questions most chicken tendons: China to get rich before he became a free country or not. The concept is that as China develops into a middle-class country, it will take the style liberal democracy of the West, including the system of good governance and transparency, a strong legal basis and more independent, and numerous civil rights will be respected and protected. But as visited China in the past two weeks, I've heard a version of the transshipment interesting chicken and egg: if you want to become more prosperous, vencanice pepeljuga China needs to become more freely - and not Procrastination.
The argument revolves around two factors. First, China is a middle-income country. Per capita income in China is now over $ 5,000 per year, and many coastal areas have double income (over $ 17 000 in Shanghai and Beijing). This is considered vencanice pepeljuga a middle-income international (note that the cost of living is much lower in China than in the U.S. lives). Indeed, many Chinese people are much richer than that: There are over a million millionaires in China, and many Chinese can afford all the luxuries of Western youth. Cities such as Shanghai, Beijing, Wuhan, vencanice pepeljuga Chengdu city is full of shops for luxury children, teeth whitening room, bustling vencanice pepeljuga Starbucks lattes sold for U.S., and the Kaplan center type , expensive prep for Chinese youth in the UK and U.S. boarding vencanice pepeljuga schools.
At the same time, China's economy is changing. Increasingly less on cheap exports, and more complex vencanice pepeljuga in terms of production, and new types of services, as well as real estate. According to Andy Rothman, a macro-economic experts are highly bank CLSA in Shanghai, sclerotic public sector means that the private sector is creating nearly 100% of new jobs in China China. vencanice pepeljuga And the private sector requires strong law of contracts than for survival. "China's economy is increasingly vencanice pepeljuga driven by the business, intellectual property, and real estate, but it did not have jurisdiction," Rothman said, referring to the fact that the judicial system is and ineffective decisions tend erratic. When the economy slows, as it is now and will continue as China still climb the economic ladder, the higher the risk of legal conflict will develop. State data show that, from 2008 to 2012, commercial litigation and civil maritime-related overseas, usually in disputes over things like intellectual property, up 57%.
Even if the contract is protected, the penalty is negligible. John Ford, CEO of Diamond Power Company in Wuhan, a subsidiary boilers accessories made in China by a U.S. company, told me that although his company had to compete with many firms at counterfeiters local, as American companies did not have any because a lawsuit is almost impossible to win the event, and compensation is not worth much. The local government in Wuhan Diamond Power to do more advanced equipment, but Ford said the parent company in the United States are "wary" about the theft of intellectual property. "China needs a better system to deal with this problem," said Rothman, or investment will decline. Experts from places such as the World Bank and the Shanghai Institute of International Agree Department. vencanice pepeljuga Ideally, the Communist Party must comply with the national legal system, such as the Chinese constitution. But, Rothman and others vencanice pepeljuga said that people can not see that changing in the direction of the next ten years, this is headwinds will continue to stagnate the economy rebalance China.
One can see the earlier civil rights reforms, especially innovation system "household" China's population is currently divided into two unequal class - people in rural and urban population . Since the 1950s, China did not allow the rural population to the cities to work, to social benefits such as health care, pensions and education. They can only receive benefits if they return to their village - and said social services in rural areas spend a fraction of what they are entitled to live in the city. Migrants have no legal rights in urban areas, they can not send their children to local schools, the income of a fraction of what legal residents in the city to earn, and they are not buying Real estate in the city, worth approximately 60% of personal reinvention in China. According to the 2030 report of the World Bank in China, the hukou system has created huge inequalities, financial, social, and education, among urban residents legally, and 230 million people unofficial migration now accounts for 17% of the population in urban areas.
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