China – the new dominant economy?


Update: The video appears to have gone walkabout. It was playing OK this morning -14 September. I will try and get it back when I have time to fiddle around with things.

Vodpod videos no longer available.

From the WSJ – Managing Director of The Carlyle Group, David Rubenstein, predicts that China will surpass the U.S. as the dominant economy by the year 2035, in a ViewPoints interview with Deputy Managing Editor Alan Murray. Another example of the views now held by many in business as to the way the world economy is going and the emerging dominant force. Consequently we in NZ need to handle our relationship with China very carefully

A concern I have is the apparent negative attitude of many in this country towards people from China. We have, as John Key has identified a major opportunity with China through the FTA put in place by the previous government. We should not allow domestic prejudices to sabotage our position.

In the video Mr Rubenstein addresses some of the aspects of economic nationalism. In that regard the attitudes being expressed by some here re land purchases are part of our own NZ economic nationalism.

The video is worth listening to, there are some useful pointers to pick up on.

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