China's high-energy growth amazing



I recently had the opportunity to spend eight days in China, a nation of almost 2 billion people, with fellow chamber executives from Indiana, Kentucky, Ohio and Michigan.

The goal of the trip was to increase our education about China and to foster potential business networking. The words “amazing,” “unbelievable” and “wow” have new meaning.

Somewhat familiar with the usual photos of the Great Wall of China, Tiananmen Square and various shrines of Buddha, this trip was intended to not only give us a first-hand view of those locations but also to introduce us to the new, modern China that wants to be a, or perhaps the, major player on the international economic stage.

I am of the age that I recall when a tag that read “made in China” always meant inferior goods. Not so now. China in many ways is an evolving country, trying to find its way from a completely socialist society into one that is communist capitalism.

Those last two words are hard to make work together; however, in the world economy, it is clear that the Chinese recognize they must move in that direction. Let me cite two examples of how this might, or might not, be working.

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