Unlike many observers who believe China is on its way to becoming the next world hegemon, George F Colony, CEO of Forrester Research Inc., says many claims about the emergence of this country are wildly off. For him, all the news reports of purported economic threat to the U.S. or the west from the east are nothing but half-baked gibberish parleys.
Colony strongly downplays the debates of a Chinese threat to the western economies as mere fad and hearsay. Reacting to a report, published in the New York 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, he says.
Source: Chief Executive, http://www.chiefexecutive.net