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You are reading about: Economic growth

Recently I had the chance to discuss the fascinating article, “The Sick Man of Asia” with the doctors at my hospital. The author, Huang Yanzhong, argues that despite China’s seemingly impressive gains in health over the past 60 years, they are lagging behind its economic growth. Furthermore, the author seems to argue that the average Chinese person (as far as health is concerned) saw greater benefits from Mao’s time in power than during Deng, Jiang, and Hu. The author argues that Mao’s regime was able to make large gains because they focused on bringing medicine to rural populations. Huang also shows that the chaos of the Cultural Revolution caused the bureaucratic powers of the Ministry of Health to retreat, while millions of doctors were sent […]


I recently finished a book called “Drive: The Surprising Truth About What Motivates Us” that focuses on intrinsic motivation, how it can be bolstered or buffeted by workplace policies, and how it effects our overall happiness (I enjoyed the book, even if it was a little short). Like most things these days, there were several parts that reminded me of China (we’ll be looking at a second aspect in a later post). If-Then rewards cause a search for loopholes China’s government since reform and opening up has functioned more as a corporation than as a country. Within each level of government there is fierce competition for promotions that come with clear perks and benefits (and some that aren’t made quite so public). As Daniel Pink […]


As the world braces for what looks like a possible second economic downturn, it is increasingly important to understand how China weathered the first one. Today and tomorrow we are going to take a very simplified look at this issue. Please keep in mind that this is meant to give a broad overview and is in no way a complete account. When the markets started to drop off in 2008, the gov’t took a number of actions to try and prevent a financial collapse in the middle kingdom. They made it easier for companies to get loans, pushed a massive economic stimulus, propped up domestic consumption by offering discounts on things like home appliances and cars, increased college enrollment to delay entrance to the job market […]


I had a great discussion with a German man on the train yesterday, and thought you might find it interesting. He is in the garment manufacturing business and works for a large German chain similar to The GAP or H&M, and has been in China for 3 years. In our conversation we talked about a variety of topics: Manufacturing, GDP growth, High speed rail, the housing boom, China’s environment, and in each topic he brought up that it wasn’t sustainable. Perhaps it was made more apparent by traveling 300km/hour through what used to be China’s countryside, which now offers little other than new apartment buildings, gray skies, and a dozen coal power plants. One of the most interesting things he said was that wages have […]


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