China's Growing Power

Small Business Trends has a guest post by John Wyckoff on the growing economic power of China.

"Here's what I suggest you consider. There's no way any industrial nation can complete with a country whose workers average 61- cents per hour and whose engineers (who were educated in this country), work for the equivalent of $100 a week. With so many American manufacturers partnering with Chinese makers in order to control costs, the Chinese makers are gaining the advantage of technology given to them by their partners."

This trend may prove to be the real test of our changing economic paradigm in America as some fear. But, as long as we lead in entrepreneurship and innovation, and let our free markets work, there will be new markets for us to pioneer.