Chinese Trade

by Tom Haughey

We’ve had trade inequities in the past. Japan comes to mind. The Japanese, however, have always maintained their rural traditions and merely revamped their industrial activities in cities. By contrast, since WW II China has moved half its rural population into cities and built a number of those cities from scratch. It is plowing under the rural traditions of the past and advancing firmly into the 21st century. It therefore offers a far bigger threat to the United States than Japan ever did.
China is also restructuring its educational system. Between thirty and forty percent of its college students are enrolled in engineering programs (three to four times the percentage in the United States.

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