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There’s a new Red Scare. But is China really so scary? March 16, 2010

Posted by tkcollier in Economy & Business, Geopolitics.
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This new Red Scare says a lot about America’s collective psyche at this moment. A nation with a per capita income of $6,546 — ensconced above Ukraine and below Namibia, according to the International Monetary Fund — is putting the fear of God, or Mao, into our hearts.

Recent reports about how China is threatening to take the lead in scientific research seem to ignore the serious problems it is facing with plagiarism and faked results. Projections of China’s economic growth seem to shortchange the country’s looming demographic crisis: It is going to be the first nation in the world to grow old before it gets rich. By the middle of this century the percentage of its population above age 60 will be higher than in the United States, and more than 100 million Chinese will be older than 80. China also faces serious water shortages that could hurt enterprises from wheat farms to power plants to microchip manufacturers.

And about all those engineers? In 2006, the New York Times reported that China graduates 600,000 a year compared with 70,000 in the United States. The Times report was quoted on the House floor. Just one problem: China’s statisticians count car mechanics and refrigerator repairmen as “engineers.”

via There’s a new Red Scare. But is China really so scary? – washingtonpost.com.

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