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Dec 28

China's industrial output growth rate will slow to 'only' 11 percent next year

China's 2010 industrial output growth rate is estimated to reach 15 percent, while next year's figure will drop to 11 percent, Li Yizhong told a meeting on Saturday, a day before standing down as minister for industry and information technology.

The slowdown in output shows that the government will adopt a more stable development blueprint in 2011, industrial analysts told China Daily on Monday.

The main targets for Chinese industry next year will be restructuring, energy efficiency and technological innovation, according to Li, who was succeeded at the ministry by Miao Wei.

Li said that the nation's industrial investment is expected to grow 19 percent next year, including information technology, and energy consumption per unit of industrial output is expected to decline 4 percent year-on-year.

For the next five years, the ministry expects an average annual industrial output growth rate of 10 percent and a reduction in energy consumption and carbon emissions per unit of output by 16 percent.

via http://www.chinadaily.com.cn/bizchina/2010-12/28/content_11763987.htm

Filed under  //  China   economy   international  

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Nov 4

What if India, China, and globalization actually have been underhyped?

What if — for all the hype about China, India and globalization — they’re actually underhyped? What if these sleeping giants are just finishing a 20-year process of getting the basic technological and educational infrastructure in place to become innovation hubs and that we haven’t seen anything yet?
Thomas Friedman via http://www.nytimes.com/2010/11/03/opinion/03friedman.html/a>

Filed under  //  China   India   economy   globalization  

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Jan 19

Worldwide exports: China's astounding rise over the past two decades

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via http://www.economist.com/businessfinance/displaystory.cfm?story_id=15213305

"China might grab around one-quarter of world exports within ten years. That would beat America’s 18% share of world exports in the early 1950s, a figure that has since dropped to 8%."

Filed under  //  China   economy   globalization  

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Oct 21

Beware the reverse brain drain to India and China

For Silicon Valley, and for the U.S., this is the wrong kind of change. To some degree, these responses reflected the moribund U.S. economy and the rough job prospects facing students. With U.S. unemployment at 10%, who cares if we lose the next generation of geeks? There won’t be jobs for them for years, anyway, until the U.S. job market recovers. And sure, I know the xenophobes are going to cheer my findings. They believe that foreign workers take American jobs away.

But a growing body of evidence indicates that skilled foreign immigrants create jobs for Americans and boost our national competitiveness. More than 52% of Silicon Valley’s startups during the recent tech boom were started by foreign-born entrepreneurs. Foreign-national researchers have contributed to more than 25% of our global patents, developed some of our break-through technologies, and they helped make Silicon Valley the world’s leading tech center. Foreign-born workers comprise almost a quarter of all the U.S. science and engineering workforce and 47% of science and engineering workers who have PhDs. It is very possible that some of the smart Indians who sat in the room with me holding their hand up on Columbus Day will start the next Google or Apple. Many of them will build companies which employ thousands. But the jobs will be in Hyderbad or Pune, not Silicon Valley.

via techcrunch.com

Filed under  //  China   India   global   immigration   labor   workforce  

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