Acting Globally

In this case, a state helps small, midsized companies target the China market.

Local small and midsized companies have experience and technologies that can be attractive to Chinese companies, but a lack of resources to explore the international market can hold them back. That's why the state is taking a role in helping these companies identify the right market and find the right partners.

Read all about it here.

Can China Move Into the Exclusive Club of High Per Capita Income Countries?

The 1992 Nobel economics laureate Gary Becker -- professor of economics at the University of Chicago and senior fellow at the Hoover Institution -- writes a magnificent opinion piece for The Wall Street Journal, "China's Next Leap Forward."

Quick insightful snippet here:

Global markets allow poor countries to grow rapidly for a while, but it is far more difficult to grow beyond middle-income levels. Much has been made of the fact that a month ago China's aggregate GDP surpassed that of Japan. But all that means is China's per capita income is about 10% of Japan's, since China's population is about 10 times that of Japan. Despite its great economic advances, China still has a long way to go to become a rich country.

Don't overlook it. Blog is equally fascinating.

Cartoon credit here.

Posted by: The Global Small Business Blog