"The Chinese may take risks far more than average Americans do, thanks to advice from traditional proverbs."
The saying "At a good bargain, think twice" is pretty risk-averse. On the other hand, a typical Chinese proverb such as "Seize an opportunity and make good use of it" shows how risk-taking is ingrained in Chinese culture.
Much of the coverage on the imbalance in global trade focuses on Chinese imports into the U.S. In order to understand these disparities, a short review of the International Viewpoint list is helpful, from an Asian perspective, why China is the world trade leader.
There are seven great advantages of China.
First, she has a more developed and balanced industry than many developing countries.
Second, China's very strong and effective state machinery has been an effective tool for mobilizing resources for modernization.
Third, the sheer size of China – a huge country with a population of 1.3 billion – greatly magnifies the advantages of effective state-led growth and sophisticated manufacturing.
China's fourth great advantage is the legacy of land reform.
The fifth element of China advantage is deep-rooted nationalism.
"The Chinese may take risks far more than average Americans do, thanks to advice from traditional proverbs."
The saying "At a good bargain, think twice" is pretty risk-averse. On the other hand, a typical Chinese proverb such as "Seize an opportunity and make good use of it" shows how risk-taking is ingrained in Chinese culture.
Much of the coverage on the imbalance in global trade focuses on Chinese imports into the U.S. In order to understand these disparities, a short review of the International Viewpoint list is helpful, from an Asian perspective, why China is the world trade leader.
There are seven great advantages of China.
First, she has a more developed and balanced industry than many developing countries.
Second, China's very strong and effective state machinery has been an effective tool for mobilizing resources for modernization.
Third, the sheer size of China – a huge country with a population of 1.3 billion – greatly magnifies the advantages of effective state-led growth and sophisticated manufacturing.
China's fourth great advantage is the legacy of land reform.
The fifth element of China advantage is deep-rooted nationalism.
