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Tuesday, June 17, 2008

Chinese-style economy, a surge of endless possibilities?

I can't help but laughed at the "Chinese-style" economy when this article surfaced recently in New York Times. What exactly is the "Chinese" way of doing business? To describe its business guideline, motive and goal requires no other than a mere stroll along the aisle of Wal-Mart. Chinese-style economy rhythms with cheap labor, a pegged currency, and a massive reservoir of other people's currency. The cheap labor trump card by itself is enough to swallow a country whole. Fueled by consumer greed, low income and the global market inflation, China no longer dwells on producing low-level consumer goods, earning marginal income. Rather, China now concentrates extensively on highly sophisticated, high-tech goods, earnings of which can easily outpaced its counterparts, given the "made in China" label a recognition as a formidable adversary amongst the global manufacturing enterprises. Apart from the labor exploitation, a firm peg in currency is equally strenuous on the foreign export market of another nation, where a good made in China at a below cost can easily replace that from a foreigner. Patriotism, a symbol of the undying love for the motherland, further stifles foreign competitors since being Chinese, buy Chinese is a "normal" and "healthy" illustration of love for China, despite poor product quality and likely product-related health hazards. Altogether, these unbeatable advantages, coupled with a favorable geographical location and a massive workforce, render China the dominant destination to outsource, particularly for companies across North America, where degradation of employee rights further add fuel to the exploding unemployment rate.

In my own opinion, a "Chinese-style" economy is no different than how robber and thief do business - an inconspicuous, behind-the-back stabbing followed by the forefront, ruthless assault on the ailing victims, until all are stolen, including conscience, dignity, and morale values. Their "economy" is what accentuates the death tolls in Sichuan. Their "economy" is what exemplifies the corruption of a one-state government. Their "economy" is what widens the gap between the rich and the poor. In all, their "economy" is the sole reason why inequality thrives in a country of 1.3 billion.

People in the land of fair and free, are you willing to revert back to the Stone Age, disregard all human life and dignity, just so that the bottom-line would look perhaps favorable?

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