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.

There's no longer any surprise in noting that China has grave environmental problems.

Environmental disaster is the gravest threat to China's continued development. That's according to me, but it is not some wacko view.

Chinese emissions are a problem not just for its own people but also for the world. It has now overtaken the U.S. as the biggest carbon emitter; most of the coal that is burned anywhere on Earth is burned in China.

Racial prejudice boils down to the deeply anti-American message that some people are born to fail.

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.

We're now in one of those periods when the reality of intense pressure on the middle class diverges from long-held assumptions of how the American bargain should work