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10 top misconceptions about China   [Copy link] 中文

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Misconceptions about China abound, most likely because China is still a mystery to most of us in the United States, and when our curiosity isn’t satisfied, our minds fill in the blanks. If the perceived truth is repeated enough times, we start believing it; it’s just human nature. However, many of these theories and fallacies that many of us have come to accept as truth simply aren’t.


1. Chinese Goods and Services are Flooding the U.S. Market.
China sells a great deal of merchandise to the United States-but actual percentage of good sold here is probably much less than people think. According to the Federal Reserve, only 2.7% of U.S. Consumer spending is spent on Chinese goods and services. If you just looked at physical goods, non-durable goods like food, clothing, and toys only occupy 6.4% of our spending, compared to 76.2% spent on Goods made in the U.S.A. For durable goods, such as cars and furniture, about 12% are imported from China while 66.6% are made in America.

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2. China is Causing Americans to Lose their Jobs.
Actually, America is causing Americans to lose their jobs. Many American companies outsource their manufacturing to China, and for those that don’t, there still may be components manufactured in China but assembled elsewhere, so they aren’t labeled “made in China”, but still have a great deal of Chinese made parts.
Over the past 20 years more jobs have been lost to automation rather than outsourcing. According to Bill Gates, that trend will continue, especially at the lower end of the skill set. Even jobs like nursing, retail, and wait staff are threatened with automation, and China has little to do with that.
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3. China Holds Most of the US National Debt.
As of the end of November 27, 2013, China owned about $1,316,700,000,000 of debt, compared to the amount held by the Federal Reserve, at $2,212,924,000,000 on January 9th, 2014. It also owns $1,490,167,000,000 in mortgage-backed securities guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The Federal Reserve, by far, is the largest holder of U.S. debt, more than China and Europe combined.
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4. Everyone in China Speaks Chinese.
The mistake most Americans think when they think about China is that it is one large, homogenized society, and that they all think the same way and all speak the same language. The truth is, there are a number of cultures, languages and beliefs within China.
The predominant language in China is Mandarin, not Chinese, much the same as the predominant language in the US is English, not American. However, even the Chinese government realizes up to 4 million people don’t understand the national language. Even those who speak a recognized language, like Cantonese, may not understand a sub-language form that develops in certain regions. Therefore someone who speaks one form of one of the Chinese languages may not understand the dialect spoken in another region.

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5. American-style Individualism is Growing in China.
While there are increased numbers of people, mostly youth, experimenting with counter culture and independent self-expression, this is not the same thing as independent thought. They are eager to move forward, and may seem a bit pushy and even self-interested at times, but the basic productive unit is still the clan, the family, or the collective. Most decisions are still made in groups, and the Chinese are skilled at working in groups.
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6. China Will be the Lone World Superpower.
In terms of economic power, this may be true. However, their educational and governmental system produces people who may be extremely smart yet often lacking in entrepreneurial thought, the ability to dream and inspire, and draw outside the lines. The United States has a number of societal benefits that assure it a place of influence on the world stage. American has a certain frontier mentality, and nearly every American believes that truly anything is possible, and that even the poor boy living in the streets carries a seed of greatness that just needs its expression. “There will be more than one tiger on the mountain,” writes Tom Doctoroff, author of the book. What China Wants, “and the other will be the good ole U.S. of A.”
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7. The Chinese Dream is the Same as the American Dream.
While there are similarities, the Chinese dream has more to do with Chinese prosperity and strength as a result of improvement of the quality of life of its citizens. Xi Jinping, President of the People’s Republic of China, says the Chinese dream is “national rejuvenation, improvement of people’s livelihoods, prosperity, construction of a better society and military strengthening.” The American Dream, on the other hand, is a belief people of the U.S. hold that that is opportunity for success and upward mobility through hard work and diligence. One dream seeks prosperity for a nation and one seeks it individually.
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