There are a lot of great issues discussed here, and I'm going to say that most of it is valid and on point.
After living and working in SF, I moved to china 6 months ago and have come to understand that Chinese compared to US simply have hugely divergent values. And they work hard. From a very young age, they are conditioned to do so; and with 1.4 Billion people competing, there's no other option.
The US is still, and should continue to remain the focal point of innovation. I find China to be so far behind in this area, I don't think there is any hope of catching anytime soon.
I say this because, much of the money in China is grounded in old and dying business principles. The new generation, those in the country's "top" business schools, are being taught dated ideas which don't promote innovation at all.
I do agree though, China will continue to grow and the West will find a way to coexist. But I'm still not trading my USD for RMB just yet.
After living and working in SF, I moved to china 6 months ago and have come to understand that Chinese compared to US simply have hugely divergent values. And they work hard. From a very young age, they are conditioned to do so; and with 1.4 Billion people competing, there's no other option.
The US is still, and should continue to remain the focal point of innovation. I find China to be so far behind in this area, I don't think there is any hope of catching anytime soon.
I say this because, much of the money in China is grounded in old and dying business principles. The new generation, those in the country's "top" business schools, are being taught dated ideas which don't promote innovation at all.
I do agree though, China will continue to grow and the West will find a way to coexist. But I'm still not trading my USD for RMB just yet.
Edit: typos