CGM
January 3, 2021
By Greg Hugh.
It has been a long and uncertain journey, but Chinese American veterans who served their country in World War II were finally awarded the Congressional Gold Medal on Dec. 9, 2020.
Efforts to enact the Congressional Gold Medal Act for these Chinese American veterans first began in December 2016. An exploratory committee led by the Chinese American Citizens Alliance (CACA) set out to secure the support of members of Congress. The bill, first introduced to the Senate and the House of Representatives in May 2017, was ultimately passed on and signed by President Donald Trump Dec. 20, 2018.
NY Chinatown images
December 31, 2020
by China Insight.
While air travel is still risky health-wise and lockdowns are common, here is a chance for us to “travel” and see New York City’s Chinatown.
The Museum of Chinese in America (MOCA) and the Center for Jewish History (CJH) are co-hosting a new online exhibition, “An Unlikely Photojournalist: Emile Bocian in Chinatown,” at https://exhibits.cjh.org/bocian.
Beijing 2020 Olympics
December 31, 2020
by Elaine Dunn, China Insight.
The 2008 Summer Olympics in Beijing opened with great fanfare. It was China’s debut on the world stage, an opportunity to showcase its history, culture and its athletes to a global audience. Fast forward to the 2022 Winter Olympics. Once again, Beijing will be the venue. However, circumstances are quite different.
2021 Chinese Holidays
December 31, 2020
Compiled by China Insight.
China’s 2021 holiday schedule will, per tradition, include two week-long holidays: Chinese New Year, aka Spring Festival, which will take place Feb. 11-17; and the National Day Holiday, Oct. 1-7.
Society Fat Size
December 31, 2020
compiled by China Insight.
On Nov. 11, a netizen posted an image of an apparel size chart seen at a Taiwanese chain store in China, saying, “I was shocked when I saw this size chart at a RT-Mart today. Am I completely rotten?” That image and post went viral and it enraged the online community, causing the company’s China Division to issue a public apology the following day.
Garden202011
November 2020
by Bill Zajicek, president, Minnesota China Friendship Garden Society.

There were two large volunteer projects at the garden this summer/fall. As a result, the rock garden was completely weeded and mulched; the donor stanchion received a new coat of paint, the Hmong Heritage Wall was painted, and as a gift from the Minnesota Peony Society, nine peonies were planted: three each of herbaceous “Krinkled White,” herbaceous “America Red” and tree peonies (Fuji-Zome-Goromo, Renkaku, Tai Hai)!!!
HKU
November 2020
By Elaine Dunn

The Hong Kong University (HKU) appointed two mainland Chinese scholars to its governing council, one of whom is alleged to have direct ties to the Chinese Communist Party (CCP).
Book Review 202011
November 2020
By China Insight

You may notice the more-than-usual number of books included this issue. With Christmas giving around the corner and the snowy winter approaching, China Insight thought these titles may provide gift ideas or just material for a “good read” in front of the fireplace.
Enjoy!
GoodJob_Deed
November 2020
[ST. PAUL]
– Minnesota Department of Employment and Economic Development (DEED) Commissioner Steve Grove announced the #GoodJobsNow campaign with Rick Trontvet from Marvin Windows in Warroad and Traci Tapani from Wyoming Machine in Stacy.
Covid
October 2020
Like other com- munities, our Chinese American commu- nity has been hit hard physically, mentally and economically.
Fall Colors
October 2020
In this year of coronavirus, we can find joy in the beauty of nature and celebrate festival traditions with tastes of mooncake on the trail.
Publisher Pronouncement
October 2020
With the 2020 U.S national election approximately a month away, will Asian American voters make a difference in the U.S. political fabric?
Republicans
October 2020
The resolution “calls on all public of- ficials to condemn and denounce anti-Asian sentiment, racism, discrimination, and re- ligious intolerance related to COVID-19”
Canton Fair
October 2020
The 10-day virtual 128th session will go online from Oct. 15-24.
HK Press
September 2020
On June 30, 2020, the Beijing government stepped in on Hong Kong’s governance and enacted the Hong Kong National Security Law
Lauren Food Blog
September 2020
March 16, 2020, a Monday, is a day I will never forget; it’s the day all my jobs essentially vanished. At the time, I was living in New York City, auditioning and performing.
Chang Wang - CAAPM
September 2020
Chang Wang, a regular China Insight contributor, to the Board of Council on Asian Pacific Minnesotans (CAPM) to represent the Chinese Minnesotans at the Council and the State government.
China Garden
Septemebr 2020
These gardens are all more expensive than anticipated.

By David Dollar, World Bank

China’s big stimulus plan will help keep the economy growing at a healthy rate, though 2009 will be a rough year with probably the slowest growth in nearly 20 years. While China applies stimulus to deal with the immediate downturn, it would be good to be thinking ahead. China needs a new growth model, and it should evaluate its possible spending plans both interms of immediate stimulus and in terms of contribution to this new growth model.

China needs a new growth model because after the global downturn comes to an end, exports will never again play the same role as they have in the past two decades. I would argue that the four basic principles that account for the Chinese miracle since 1978 remain valid, each of which needs some tweaking in the new environment.

1. First, human capital. Pre-reform China did a good job of providing basic education and health to the rural population, so that the country began reform with extraordinarily good human capital for a low-wage country. China has lived off this asset for a long time. But better public support is crucial to ensure basic education for the whole population,including the rural poor. Schooling through at least nine years and preferably 12 is essential if China is to have the labor force it needs in the near future.

A big increase in public spending on education would definitely be a great investment for the new growth model. It may be effective stimulus as well, as it puts money in the pockets of teachers, hires many of the recent college graduates, and convinces middle-class households that they do not need to save quite so much for education spending.

2. Second, incentives for private investment. China launched its reform with the household responsibility system, which took a big step toward restoring private property in agriculture. Whenever growth has threatened to slow, China has taken another step to strengthen incentives for private investment. Private investment has been the backbone of China’s growth,and returns in private firms are far above those in state enterprises. The global slowdown and the hit to the export sector create a real risk of backsliding. The big stimulus package is needed, but it will go largely to and through big state-owned firms: the airlines, the railway, road construction companies, and the big commercial banks.

The new growth model needs to think about how to bring more dynamism and competition to services, as earlier reforms did to agriculture and manufacturing.  Some specific measures to consider:strengthening intellectual property rights (essential for service industries inwhich trademarks and copyright are big); easing up on entry restrictions insectors from film to finance; and selling more shares in the majority state-owned companies and making it easier for private firms to issue bonds and stocks.

3. Third, openness. China has pioneered a unique model of openness: compared to other developing countries it is open to imports and direct investment in manufacturing. It has otherwise kept its capital account fairly closed, which looks particularly smart at this moment. In the face of this crisis I think it would be smart for China to open its markets further,particularly markets for services. Selling services such as banking, insurance,tourism, and logistics often requires a direct investment. China has not been as open to investment in services as it has to investment in manufacturing. By opening more to investment and trade in services it could stimulate more competition and technological advance, and get the same kind of performance in services that it has shown in manufacturing.

4. Fourth, infrastructure. I have written before about China’s pragmatic approach to infrastructure. The use of roads, ports, telecom,and power is priced at levels that pay for the infrastructure, which has enabled the rapid expansion of these networks.  The stimulus package contains a lot of resources for infrastructure. The question will be, is it infrastructure for the old model or infrastructure for the new model? The new model will be less export dependent and less resource using. It will be more knowledge based, both the higher value activities of manufacturing plus the expansion of services. The new model requires nice, livable cities (investmentsin public transportation, inter-city rail, water and sanitation, renewable energy). It will not have as much need for roads, ports, and coal-fired powerstations.

A lot of attention will be focused in the near future on the projections of how rapidly China can grow in 2009 in the midst of this global crisis. Is the stimulus package big enough? I think that question is less interesting than the question of whether China is using the stimulus to make a transition to a new, more sustainable growth model.

Source: World Bank East Asia & Pacific Blog

https://eapblog.worldbank.org/blogs/david-dollar

Submitted by David Dollar on Wed, 11/19/2008 - 12:57.

 

Terms Of Use

Terms of Use All rights reserved. No part of this publication may be reproduced, distributed, or transmitted in any form or by any means, including photocopying, recording, or other electronic or mechanical methods, without prior written permission of the publisher. For permission requests, contact the publisher, Terms of Use All rights reserved. No part of this publication may be reproduced, distributed, or transmitted in any form or by any means, including photocopying, recording, or other electronic or mechanical methods, without prior written permission of the publisher. For permission requests, contact [email protected] with subject line “Permission request.”

About

CHINAINSIGHT (CI) is published monthly ((except July/August and November/December are combined) by China Insight, Inc., an independent, privately owned company started in 2001 and headquartered in the Twin Cities area of Minnesota.

CHINAINSIGHT is the only English-language American newspaper to focus exclusively on connections between the United States and the People’s Republic of China (PRC).

Our goal is to develop a mutual understanding of each other’s cultures and business environments and to foster U.S.-China cultural and business harmony.