China Shouldn’t Follow Other Nations’ Failed Policies

There seem to be more than a few things China has done right since they have learned their lessons from other nations’ growth and hardship.

China seems to be fully aware of borderless forces of global corporatism and play the long-term game accordingly.

They have generated their productive power on their own terms and secured their positions in essential industries. They have also invested in developing their human capital.

Meanwhile, there are many potential problems facing China as we have discussed.

China shouldn’t follow other nations’ failed policies on many fronts.

The bottom line is: how much the Chinese leadership would care about the people or well-being of the nation rather than their personal gains.

China could learn from other countries’ experiences.

For instance, given a fault in export-driven economic growth strategy, wealth concentration at the top wouldn’t generate sufficient income and purchasing power to balance production and consumption.

They can’t continue robust growth when bubbles have been blown to pop. Speculation and bubbles could gut the productive capacity as the case of the U.S. has shown.

China could learn that there are limits government can do. Well, again, China is the communist regime. So is it too much to ask?