There are much too much news on China. China is #2 in economy but #1 in trading due to the US's economy can be self sufficient - more so than China. Improving one country's living standard is more important to be #1. It is absurd to use a yardstick for developed countries to measure China, a developing country.
7% is a good target and it should be lowered gradually when China is
moving up the product value chain and becoming a developed economy.
Based on our high living standard coupled with generous welfare and
rising min. wage, we have to abandon our manufacturing to other low-wage
countries at least the low-tech manufacturing. No one can change the
tide that has become a Tsunami right now.
* We have limited China
from acquiring our failing industries based on security reason that
does not make sense. It is bad for the company involved and bad for the
workers involved. We are accustomed to throw the biggest stone on our own
toe and never learn from the pain.
* WhatApps and Beat are some of the problems of our
corporate culture. No one wants to be innovative or even to be copycat
as it takes too much risk. I do not blame them when Microsoft has
provided so many examples.
* One Loser + One Loser = Two Losers in the case of Radio Shack merging with another company. Simple maths!