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China's Industrial Policy--and America's

Posted on August 26, 2008

James Fallows: China Makes, The World Takes: [D]eals like those struck at the Sheraton Four Points have been mainly good for all parties. Chinese families have new opportunities in life. American customers have wider choices. American investors have better returns. But, of course, there are complications.... In a world of frictionless, completely globalized trade, people on average would all be richer--but every society would include a wider range of class, comfort, and well-being than it now does. Those with the most marketable global talents would be richer, because they could sell to th...

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beijing , china , chinese , shanghai , shenzhen