From The International Herald Tribune:
China’s economy is a vista of eye-catching opportunities flanked by pitfalls, into which multinational companies poured more than $60 billion of direct investment last year.
While the pace has slowed slightly this year, few economists expect the influx of cash and technology to abate significantly as the economy modernizes, liberalizes and, above all, grows.
But in addition to normal business risks, the warning flags are up for social instability, environmental catastrophe and crippling shortages of water and energy, to mention just a few hazards.
