China experienced 18.3% GDP growth in its Q1 2021 and it is expected it will maintain 8+/-% for the rest of the year based on global goods demand. While the market is heating up and will be renegotiating production contracts that impact global supply chains, the U.S. isn't yet ready to fully engage the global market. Political stagnation and party line economics have taken precedence. I wonder if we will get the same opportunity again reorient our manufacturing supply chains back North American (U.S, MX, CAN) and our global trading partners?🤔(See Time and Choice Economics) At this juncture American politicians probably should avoid the inefficiency of squabbling and focus on quickly settling those things they agree upon and in turn place to the side those that are not so important. (See Negotiation and Org. Health) Greasing the wheels with small agreements can lead to bigger agreements if people are capable of compromise (Compromise as a Value). Decisions are not made in a vacuum and impact employment, families, and the opportunities of our children.
You can read more on the National Bureau of Statistics of China HERE.
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