Unlike many observers who believe China is on its way to becoming the next world hegemon, George F Colony, CEO of Forrester Research Inc, the premier research company, says many claims about the emergence of this country are wildly off. For him, all the news reports of purported economic threat to US or the west from the east are nothing but half-baked gibberish parleys.
Writing for his blog, Counter Intuitive, George Colony, strongly downplays the debates of a Chinese threat to the western economies as mere fad and hearsay. Reacting to a report published in NY Times, he says that much of the China hysteria feels like the Japan fad from the late 1980s, where press and the experts babbled about the Japan threat, complete with how Japan would beat the West in quality, cost, business thinking, discipline, worker productivity, creativity, cars and chips. So beware purported threats from the East without full knowledge and common sense analysis of all of the factors at work should be least bothering, he says.
Colony is of the opinion that
According to a Forrester 2006 survey, Chinese consumers have drastically lower trust in TV, newspapers, and the Web – considered essential parameters of a free economy – than consumers in the
However, a recent survey by Gallup, a data-driven global information provider, indicated that four out of 10 Americans saw
Though the Chinese National Bureau of Statistics in its recent release put its GDP growth for 2007 at 11.4 percent, World Bank figures position the Chinese economy at the fourth rank – behind
In an exhaustive study published last year, the World Bank’s International Comparison Program confirmed that this pricing deflator is valid across the entire Chinese economy. According to a Heritage Foundation report published last December, by applying the PPP factor of 2.38,
Besides, what the figures have to say, Colony also believes that