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Made in China: Made with the World

Not often the case that we can say this, but kudos to the mountpiece of the Chinese Communist Party, the China Daily!  We should quite naturally be sceptical when any government goes on a charm offensive, but China's "Made in China: Made with the World" PR campaign is spot on and comes at just the right time.  It also serves as a useful reminder that trade policy need not wait for the World Trade Organisation, currently convening its first summit since the failed Hong Summit in 2005, to get its act together and adapt to the modern reality of global commerce. 

Trade is often characterised as a global competition, but in reality that global competition is actually one set of producers that cooperate with other producers in dozens of other countries.  These supply chains compete with other supply chains, and the net result is increased wealth, cheaper products and a plethora of new forms of employment for billions of people across the world.

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