{"id":22481,"date":"2013-10-09T13:50:54","date_gmt":"2013-10-09T18:50:54","guid":{"rendered":"http:\/\/quotulatiousness.ca\/blog\/?p=22481"},"modified":"2013-10-09T13:50:54","modified_gmt":"2013-10-09T18:50:54","slug":"reasons-not-to-be-fearful-of-chinas-economic-threat","status":"publish","type":"post","link":"https:\/\/quotulatiousness.ca\/blog\/2013\/10\/09\/reasons-not-to-be-fearful-of-chinas-economic-threat\/","title":{"rendered":"Reasons not to be fearful of “China’s economic threat”"},"content":{"rendered":"

If you’ve been following the blog for a while, you’ll probably have picked up some of my disdain for the “OMG! China’s going to eat our (economic) lunch!” meme that is pretty much a copy-paste of the same worry over Japan in the 1980s. In Maclean’s<\/em>, Colby Cosh<\/a> explains why you shouldn’t put too much effort into worrying about the Chinese economic Colossus crushing us any time real soon:<\/p>\n

What I always wonder when I encounter a China bull or a Chinaphobe \u2014 for they are two sides of the same coin \u2014 is this: Even if they think \u201csocialism with Chinese characteristics\u201d is economically superior to ordinary capitalism, where in China are the parallel cultural institutions to support prolonged capitalist-style growth? Maybe China doesn\u2019t need reciprocal free trade to blow our doors off in the race to utopia. Maybe it doesn\u2019t need untidy democratic quarrelling. One presumes it won\u2019t need a high level of achievement in basic science, either, judging by the Nobels: It is well-documented that the Chinese civilian research establishment is awash in fraud and plagiarism, to say nothing of the destructive favouritism inherent to a one-party state.<\/p>\n

Rowan Callick\u2019s new book The Party Forever: Inside China\u2019s Modern Communist Party<\/em> makes a simple, compact judgment on the general state of Chinese higher education: Just look where the Party leadership sends its own children to university: the U.S. Another important leading indicator of cultural progress is press freedom, which, if history has anything to say on the matter at all, appears to be utterly integral to sustained prosperity. But Mainland China has no newspapers as we understand them; it is not even clear that the regimented, spoon-fed \u201creporters\u201d there could assemble one, even if the Party would allow it.<\/p>\n

The Diane Francises of the world would have us reject the relevance of the Soviet experience to China\u2019s future, to the point of ignoring familiar Soviet themes that are increasingly apparent in China: the vast infrastructure projects standing unused in the middle of nowhere, the blind environmental despoliation, the dodgy economic statistics. Beyond mastery of trading, interior China has simply never possessed much of the cultural technique upon which the advanced stages of economic development would seem to depend. Hong Kong is the exception, but having taken it over, China shows little appetite so far for imitating its social openness and individuality \u2014 or for those of Taiwan or Japan or South Korea. It still requires a strange leap of faith to believe it possible for China to economically surpass these neighbours, and ourselves, without becoming a great deal more like us.<\/p><\/blockquote>\n

Regular visitors to the blog know<\/a> that<\/a> I’ve<\/a> been<\/a> rather<\/a> skeptical<\/a> about<\/a> the<\/a> official<\/a> statistics<\/a> reported<\/a> by<\/a> Chinese<\/a> government<\/a> and<\/a> media<\/a> sources<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

If you’ve been following the blog for a while, you’ll probably have picked up some of my disdain for the “OMG! China’s going to eat our (economic) lunch!” meme that is pretty much a copy-paste of the same worry over Japan in the 1980s. In Maclean’s, Colby Cosh explains why you shouldn’t put too much […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22,25,84],"tags":[363,727,711,443,290],"class_list":["post-22481","post","type-post","status-publish","format-standard","hentry","category-china","category-economics","category-government","tag-corruption","tag-cronycapitalism","tag-infrastructure","tag-pollution","tag-statistics"],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p2hpV6-5QB","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/22481","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/comments?post=22481"}],"version-history":[{"count":1,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/22481\/revisions"}],"predecessor-version":[{"id":22482,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/22481\/revisions\/22482"}],"wp:attachment":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/media?parent=22481"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/categories?post=22481"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/tags?post=22481"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}