Pages

Wednesday, June 14, 2017

Assorted Links: Hong Kong Seeks Innovation, Too Much Trump in Trumpchi?, Blaming China for Job Losses, and Panama Cuts Ties with Taiwan

It has been a while since I have done the "assorted links" thing. Time to get back to it with excerpts from four pieces worth a full reading:

1. Natasha Khan's and Enda Curran's piece about a proposed technology park on the border between Hong Kong and Shenzhen could inspire debate on a variety of topics such as Hong Kong's integration with mainland China, environmental preservation in China, and strategies for fostering innovation. It also raises the issue that Shenzhen's now sees less advantage to partnering with its neighbor to the south after recent rapid developments:
Shenzhen forged ahead, clearing out most of its old, labor-intensive factories and building high-tech giants like Huawei Technologies Co. and ZTE Corp. The city’s Nanshan district is a cradle for more than 8,000 technology firms, centered around the vast Shenzhen Hi-Tech Industrial Park, known as SHIP. Entrepreneurs have come from across the world, leading some to question why Guangdong needs to collaborate with Hong Kong on innovation.

“That ship has sailed,’’ said Felix Chung, chairman of Hong Kong’s pro-business Liberal Party. “The plan could have been good 10 years ago but have you seen Shenzhen lately? It has the ability to do so much on its own.”

2. My April Fool's post last year, "Donald Trump to Bring His Chinese Car Brand to the U.S." took advantage of the similarity between Trump's name and the Chinese automaker GAC Motor 's brand Trumpchi. Now that Trump is president, GAC has some very real concerns about the similarity:
Executives at the firm and its parent Guangzhou Automobile Group (601238.SS) say they may now change the Trumpchi brand - which was meant to sound like its Chinese name Chuanqi, which is a play on the word "legendary" and means passing good fortune - after it drew some ridicule at the Detroit auto show in January.

"We saw people were laughing at this and took pictures looking only at this detail, and also put on Facebook or other websites," GAC Motor Design Director Zhang Fan told Reuters. "When we read all that feedback, we realized it might not be very positive promotion for the brand."
I don't know if this blog is one of the "other websites", but I do thank GAC for providing such excellent material. The April Fool's post has received a notable amount of traffic during the past year.

3. William H. Overholt argues that both of the major political parties in the U.S. unfairly blame China when it comes to jobs:
[Politicians of both parties] find it convenient to blame China [for "job declines caused mainly by technology"].

Why? Because interest groups dominate the Washington conversation and both parties are beholden to constituencies with an interest in the post-factual illusion. Democrats depend on unions that see protection of current jobs, not helping workers prepare for the future, as their task. They see every gain for workers in poor countries as a loss for U.S. workers. Preparing the workforce for a changing future could threaten union leaders’ power. . . .

Republicans reject reality for different reasons. If you acknowledge the inexorable disappearance of manufacturing jobs, and the fact (documented by MIT Professor David Autor) that, without government help, whole communities stagnate, then you must authorize the government to analyze the areas of loss and gain, and follow through by spending money to retrain workers and help them move. However, to avoid taxation, wealthy Republican constituents will denounce expanded government authority and expenditures as socialism.
4. No excerpt for the final link since the China Digital Times piece is itself a collection of excerpts with links: "Panama Severs Ties With Taiwan, Pledges Allegiance to China".

No comments:

Post a Comment