On November 15th Barack Obama took his first visit to China. He met with Hu Jintao China's Republic Paramount Leader. They talked about Nuclear Weapons in Iran and North Korea, China's military spending, Trade imbalances, and Climate change. The U.S. may be one of the world's oldest capitalist countries and China one of the youngest.
The first thing is: Be AmbitiousOne day this summer, Sean Maloney, an executive vice president at Intel, going from one appointment to another in northeast China. He was driving along some newly built highways and gazed out to look at one of the world's biggest construction project. A network of high-speed train lines — covering 10,000 miles (16,000 km) nationwide — that China is building. Maloney said we use to build stuff too. America is close to tapped out financially, with budget deficits this year and next exceeding $1 trillion and forecast to remain above $500 billion through 2019. The country seems tapped out in terms of vision and investment for the future. Economist believe that China spends to much money on expensive items like high speed rail lines. I personally think China is being smart for the future by going green and using energy.The second thing is: Education MattersOne Saturday afternoon Liu Zhi had to leave his great grandmother's 90th birthday because he had school. That is pretty sad he had to miss her birthday i would have felt terrible. He had to take two special class which were a math tutorial and he studies English. Liu is only seven years old too. A lot of foreigners and a fair number of Chinese believe that the obsession with education in China is overdone. The system stresses in memorization. I bet it drives kids crazy aren't they suppose to have fun on friday afternoons? Over there education is incredibly competitive and has became corrupt.The third thing is: Look After The ElderlyIn China it is a great shame to put your elder's in a nursing home. In China the social contract has been straightforward for centuries: parents raise children; then the children care for the parents as they reach their dotage. To a degree, of course, three generations living under one roof has long happened in the U.S., but in the 20th century America became a particurarly mobile and rootless society. It is hard to care for one's parents when they live three time zones away. Home care for the elderly will most likely make a comeback in the U.S. The number of elderly Americans will soar from 38.6 million in 2007 to 71.5 million in 2030. In China senior care cost borne by families. For poor Chinese families that's a burden as well as a responsibility.The fourth thing is: Save MorePresident Obama will tell the Chinese they need to spend more; they need to consume more; they need — believe it or not — to become more like Americans, for the sake of the global economy. But on the flip side the U.S. needs to save more. China is finally getting a Middle Class. China has a higher household savings then the U.S. does. Healthy savings rates, including government and business savings, are one of the surest indicators of a country's long-term financial health.The fifth thing is: Look Over The HorizonThe government isn't frantically building all this infrastructure just to create make-work jobs. Look into the horizon basically means look into the future. One kid came out of poor central China and is perents were a wheat farmer. He went to college at Tsinghua University and graduated. He got a job as a software engineer and now his family and future family is out of poverty. His parents won't have to work in the wheat fields anymore.
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