China: Both a powerhouse and a pauper – Daniel Altman

From the International Herald Tribune:

Is China on the brink of being the world’s economic champion, or is it still just a developing country with hundreds of millions of poor?

How about both? Sometimes it’s hard to separate the perception from the reality, but there are good reasons China is already punching above its weight in global markets.

See also “China’s red flag for danger” from The Times.

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