Thursday, 22 March 2012
Saturday, 3 March 2012
This op-ed was the lead in the South China Morning Post's Insight section on February 18, 2012:
Ken Davies says Chinese investment needs to be welcomed,
not feared, by the US and other sputtering economies.
For their part, Chinese companies must operate more transparently to gain international trust
I squirmed as I listened to US President Barack Obama’s recent state-of-the union address. China got pride of place as a cause of America’s economic woes. He mentioned it four times.
I should have expected that. It’s a presidential election year. Bashing China is now as popular as bashing Japan in days gone by.
Here in New York, people complain about “all the jobs going to China” and Chinese products being rubbish. So blaming China just might help Obama stay in the White House. But does it make economic sense? Not at all. I’ve got news for America and the other countries that see China only as a dangerous competitor, sucking out jobs from their economies and flooding their markets with cheap rubbish.
China is now one of the biggest investors in the world. Its companies are opening factories and buying oil wells. And it’s not all in Africa. More and more is in America. In companies that invent things and create jobs.