China Explained

At one-sixth the economic size (and growing) of the United States, China is sure to be the world’s largest economy by 2050. This quote from The Atlantic Monthly’s James Fallows casts light on the current reality:

I think if more Americans came to China right now and saw how hard so many of its people are struggling just to survive, they too might ask: What are we thinking, in considering China an overall threat? Yes, its factories are formidable, and its weight in the world is huge. But this is still a big, poor, developing nation trying to solve the emergency of the moment. Susan Shirk [...] recently published a very insightful book that calls China a “fragile superpower.” “When I discuss it in America,” she told me, “people always ask, ‘What do you mean, fragile?’” When she discusses it here in China, “they always ask, ‘What do you mean, superpower?‘”

Via The Atlantic.

Wednesday, October 24th, 2007 Emerging Markets, Finance, Politics, Quotes   
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