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Everynowhere Post time: 2013-10-14 13:55
I doubt these two points.
China's economic growth might be higher - but that only means that it's ...
Food quality is much lower, imports are over-regulated, the living environment is of lower quality and you can't get the cosmopolitan experience that US cities (or cities like Hong Kong or Singapore) offer you.
I think the food is of better quality in China. Everything is fresher, and seems to be more free of artificial stuff and other chemicals. The US adds preservatives, uses refrigeration more, but China just keeps the animals alive longer, so these things aren't necessary. (advantage = China!) One probably has to watch more for bugs and cleanliness of the food, but once that has been done, it's better. As for the cosmopolitan experience, that just comes with money. One can have pretty deluxe living arrangements in any big city in China. Or, one can take the money that requires, and build a REALLY nice place in the countryside.
China's upsides are much different:
In China, you have a unique culture full of people with a "can-do" mindset. A great place for trying out new innovative business models! US-Americans are often driven by fear and doubts. Moreover, they often don't want to work that hard and want a good "work-life-balance" (outside of Wallstreet, at least) - not quite the kind of person you'd like to employ in your young business. Those smart Americans who want to work hard are so expensive, no innovative young company can afford them.
I agree. ^
Also, China's education level is so low that it is far less competitive.
I disagree. China values education pretty highly. 9 year old kids there spend HOURS per day doing homework, and take extra classes on evenings and weekends. They may not be as creative, but they will have real marketable skills. It is true there are uneducated people, but the people who score high enough to go to college do really well. My fiancé is the first in her family to go to school. Her family were previously farmers, before the gov't "ate" her hometown to expand the city. Now, she is doing great, due to her great work ethic.