Tag Archives: China

“Lazy” Americans and the Decline of the American Middle Class

The NY Times had a great article on Apple and why Apple employs so few people in the U.S.: Apple, America, and the Squeezed Middle Class. We’ve talked about Tyler Cowan’s Great Stagnation and how Google, Twitter, and Facebook don’t need lots of bodies to make their products, but Apple, a company that manufactures electronic components, does need lots of people. They just don’t hire them here. Apple made $400,000 per employee last year, in large part because they outsource their work overseas. Apple says that the labor costs aren’t the major reason for outsourcing, that there are other logistical reasons for centralizing their work in Asia. But when Foxconn, the company that assembles iPhones, pays many of its workers $17 a day, it’s a bit hard to believe that labor costs don’t play a role.

Posted in Citizenship, Politics, Strategy | Tagged , , | 6 Comments

Go East, Young Man

Saw this Op-Ed in the NY Times: Go East, Young Man, in which an American guy in his twenties recommends that people move from the U.S. In Jonathan Levine’s case, he moved to China. I like what he had to say:

China wants you. Job prospects are abundant. The effects of the Great Recession of 2008 may be felt in the United States for years, but they barely scratched China. Demand for native English speakers is white-hot. ChinaJob.com, TheBeijnger.com and Dave’s ESL Cafe are just a few of the places where you can search for work.

Posted in Strategy | Tagged | 9 Comments

The Flowers of War is the Most Expensive Chinese Film Ever

"Looking sexy, Mr. White Man."

The Flowers of War is the most expensive Chinese film ever. The NY Times reports:

“Made at a cost of more than $90 million, part of which came from Chinese government sources, “The Flowers of War” is the most expensive Chinese film ever made.”

After experiencing the nationalistic ridiculousness that is Ip Man, and now seeing this ridiculous history-justified-by-the-presence-of-a-White-man film, I think I can safely say that Beijing needs to get out of the movie-approval and movie-promotion business. Sorry, Chinese propaganda doesn’t have the same appeal here that it might over there. It’s not the Chinese government’s forte.

Posted in media | Tagged , | 39 Comments

China to Cancel College Majors Where Grads Can’t Find Work

China is having a similar problem to the U.S.–people are graduating college and are not able to find work. But instead of a laissez-faire attitude, they’re taking the reins and chopping those majors that don’t pay: China To Cancel College Majors That Don’t Pay. The article says:

China’s Ministry of Education announced this week plans to phase out majors producing unemployable graduates, according to state-run media Xinhua. The government will soon start evaluating college majors by their employment rates, downsizing or cutting those studies in which less than 60% of graduates fail for two consecutive years to find work.

Posted in Education | Tagged , | 7 Comments

Where Do the Dollars Go?

Thanks, MLC, for the following Chicago Tribune article: ‘Made in China’ ranks only 2.7% of U.S. spending.  According to the article:

Goods and services from China accounted for only 2.7% of U.S. personal consumption spending in 2010, according to the report titled “The U.S. Content of ‘Made in China.’ ” About 88.5% of U.S. spending last year was on American-made products and services.

The article says that a relatively small amount of money is leaving the country because 2/3 of what we spend goes towards services. Most of our dollars go towards our dry cleaners, accountants, financial planners, mechanics, and doctors. Then there is food and gasoline–most food is produced locally, and relatively little gasoline is imported from China.  The article goes on to describe what we import:

Posted in News | Tagged , , , | 22 Comments

Chinese Maternity Tourists

Hope the NY Times paywall isn’t bothering y’all, but here’s an interesting one: Officials Close ‘Maternity Tourism’ House in California.

According to the story, there was a “maternity tourism” house where wealthy Chinese women stayed in order to have babies while on tourist visas.  Aside from the zoning law violations against the owner of the home, no laws were broken.  It’s perfectly legal to have babies in this country on a tourist visa.  You can travel here, give birth to an American citizen, and go back to China.  If the s#$t hits the fan in China, your baby cannot be stripped of his citizenship, so he or she will always have a home here.  Man, talk about do-it-yourself Asian Americans.  It’s like the Home Depot slogan–”You can do it, we can help.”

Posted in Asian American, Citizenship, News | Tagged | 18 Comments

Martin Jacques: Understanding the Rise of China

Thanks to the Alpha Asian, who posted the TED talk above in which Martin Jacques talks about the rise of China.  From my own perspective as a Chinese American dude, this TED talk was among the most interesting I’ve heard.  The thesis of the talk is that Americans fail to understand China for three reasons:

1. The Civilization State vs. The Nation-State

2. The Chinese Perception of Race

3. The Chinese Relationship with Government

I don’t know what the commenters on this blog think, but I highly recommend this talk.

Posted in Asian American, Education | Tagged , | 20 Comments

China’s College Educated: The Ant Tribe

The NY Times has a great article on China and its new graduates: China’s Army of Graduates is Struggling.  In the article, the author writes about how there exists a glut of college graduates whom the economy doesn’t yet support. People with degrees in accounting, computer programming, and finance are having trouble finding work. Factory blue collar jobs are booming, but the white collar sector is falling. The article says:

Between 2003 and 2009, the average starting salary for migrant laborers grew by nearly 80 percent; during the same period, starting pay for college graduates stayed the same, although their wages actually decreased if inflation is taken into account.

Posted in Education, News | Tagged , | 7 Comments

Chinese Students Coming to U.S. in Large Numbers

Great article from the NY Times: The China Boom.  It’s about Chinese young people who are coming to the U.S. for college.  Man, the U.S. is in trouble.  China has all these students itching to learn and ready to change the world.  What ever happened to our confidence?  Where did we go wrong?  I fear that we’re becoming the next Japan.

In any case, it’s refreshing to hear about these young brave souls making the trip across the Pacific.  Read the entire article; you’ll be glad you did.  Here are some of my observations and commentary:

Posted in Education | Tagged , , | 6 Comments

Chinese Company is First to Sell E-Ink Color Display

So China leads the charge in solar energy, has the world’s fastest supercomputer, and now has the first company to sell a colored E-Ink color display.  That’s right–color without the backlighting.  I’m still not understanding how China managed to surpass everyone else so quickly.

Posted in News | Tagged , | 5 Comments