Australia, for example, has already benefited from the Chinese boom through mining exports to China. Who in the rich countries has not felt the benefits of low prices of Chinese exports? The effects of low prices on inflation and in turn on macroeconomics should not be underestimated.

There is always two sides to a story, one can either say a bottle is half full or half empty.

Globalisation does not mean every country will be the same. Some differences and possibly significant ones will remain between nations, although the world is getting more similar in the process.

While the Chinese, including their leaders may need to rethink their approach to their formulation of “nei wai you bie”, the essence of that formula is likely to remain in the foreseeable future.

Just pause for a while and think about how the Australian government has treated foreign investments, especially more pointedly at the Chinese investments. Cannot one see the application of that formulation in Australia?

We are used to this. Why is it difficult for the Chinese to have loot after their own national interests?

That is just one of the issues that I might have a different view from that of Rigby’s in this article.