Following the Chinese Lead

Sean Hayes, the main contributor to this blog, wrote an interesting piece entitled Following the Chinese Lead in the Korea Times on March 2, 2011. The article can be found below. Following the Chinese Lead By Sean Hayes (Korea Times Weekly Column) Most of the world has come to realize, including even the Chinese ruling elite, that central planning leads to inefficient utilization of capital, low growth and entrenched poverty. This realization led the Chinese ruling elite to scrap most

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China Law Blog on Korea Outsourcing

We at the The Korean Law Blog are proud of  being quoted by The China Law Blog.  The China Law Blog is hands down the King of Asian law blogs.  IPG’s China Law Blog can be found at: The China Law Blog. Dan’s post quoting the Korean Law Blog’s post notes that: But in so many areas of China business, there is a real uniformity of views among lawyers experienced in representing clients in or doing business with China. That is

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Trade Stats Rarely Tell the True Story

A great article by Andrew Batson in the Wall Street Journal shows how trade stats are often misleading. The article “Not Really ‘Made in China’: The iPhone’s Complex Supply Chain Highlights Problems With Trade Statistics” illustrates how the entire value of the iphone is considered by present stats as part of the U.S. trade deficit with China, however, in value-added terms less than 4% of the value of the product is actually attributed to China, while 34% should be attributed

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Chinese Aren’t Coming

Korea Times (July 23, 2010) By Sean Hayes Willie Sutton, the famous 1940s bank robber, was attributed with answering a reporter’s questions concerning why he robs banks with: “that is where the money is.” The Japanese, knowing that China is where the money is, loves China ― why don’t the Koreans? The Chinese knowing that Japan is developing a vibrant “Chapanese” economy love Japan ― why don’t the Chinese love Korea? Overwhelmingly, Korean employees and shareholders believe that the Chinese

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