John Naisbitt, an U.S. futurist and the author of the best-seller "Megatrends," said Tuesday September 21 arguments about the Chinese currency are "90 percent political and 10 percent economic." Het made the remarks at a seminar hosted by the China Center for International Economic Exchanges (CCICC) in Beijing.
He pointed out that China has become a scapegoat for the domestic political problems of the United States and the European Union.
Concerning Chinese competitiveness in the future, Naisbitt noted that China has made great efforts to move from imitation to innovation under a supportive policy environment.
In certain sectors such as nano-technology, biotechnology, robotics and information technology, China will probably dominate in the future, he said. (Source: Xinhua, Sep 21, 2010).