Henry Blodget: The Empty Village – What about the 750 million Chinese who aren’t getting rich?

From The Slate:

After a few days in Shanghai, it is easy to think that China has already become the world’s leading economic superpower. This illusion is not dispelled in Beijing. When I lug my bags from the train station to the Grand Hyatt, I walk right by the Lamborghini dealer.

Of course, as many observers have noted, China is two countries, urban and rural, and they are as different as Los Angeles and Appalachia. The Appalachian part would have remained theoretical for me, but one morning I was invited to ride shotgun in a dusty Jeep Cherokee with Tim Clissold, the author of Mr. China, for a drive to the north.

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