Everyone in the Chinese economic world knows that the country is not going to move out of cheap-workhouse status, toward the realm of 'real' rich-country corporate power and prosperity, unless (among other changes) it begins removing these price distortions.
James FallowsConsidering all the different ways in which China has interacted with the world in the last 50 years, considering all the challenges ordinary Chinese people have to put up with, it's beneficial and, and, by any rational standard, non-threatening to have national energies channeled into this kind of competition. It's touching to see so many ordinary Chinese crowds cheering for their new heroes.
James FallowsNo one ever really 'learns' from history, because choices never present themselves in exactly the same way, and because you can always choose similarities and differences to fit current needs.
James FallowsThe air that people breathe in many Chinese cities has become dangerously polluted. Their food supply is subject to constant contamination scandals. Now it appears that not merely stagnant ponds but the water people draw from deep underground is already tainted.
James Fallows