Moderator, CNN host Candy Crowley, asked a great question during Tuesday night’s presidential debate: “iPad, the Macs, the iPhones, they are all manufactured in China. One of the major reasons is labor is so much cheaper here. How do you convince a great American company to bring that manufacturing back here?”
It was clear, based on the candidates’ responses, that neither of them had a clue.
"(Source: Washington Post)
Venture Beat | China was able to accelerate its economic transformation and overcome poverty within 30 years, so transforming China to become more innovative in 20 years seems possible.
America has been extremely worried about the loss of manufacturing to China. Seduced by subsidies, cheap labor, lax regulations, and a rigged currency, American industry has made a beeline to China.
But the tide may soon turn.
CHINA, RUSSIA AND THE DIGITAL SPY GAME | Is the U.S. now engaging in a similar game of cat-and-mouse with the Chinese, this time played out on the periphery of the Internet?
The negotiations between Gates and China should be a wake-up call for the United States government for both obvious and not-so-obvious reasons.
The race to renewable energy is on, and despite heavy marketing campaigns on the part of the federal government and corporations, the United States continues to fall behind…
The top talent in countries around the world have a new suitor: the Chinese government.
China has a severe shortage of skilled talent and, in a policy reversal, has decided to open its doors to talent from around the world. This could mean that the brilliant NASA scientiststhe U.S. laid off, could find new employment — and a new home — in Shanghai or Beijing.
American policy makers worry about the dramatic increases in the number of academic papers being published and patents being filed by Chinese researchers. They believe that these will give China a formidable competitive advantage when it comes to innovation.
Our policy makers are right to worry, but they are worried about the wrong things.
