China Climbs the Ladder

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James Fallows and Megan McArdle discuss the current industrial moment in China: the rise of new high tech companies, the urbanization of the culture, and the folly of the term "currency manipulators."

China's Way Forward

April 2009

By James Fallows

"China is down. It is not out. If China were truly like the old Soviet Union, the coming mass unemployment might be the shock that finally turned the people against their rulers. If it were truly like Japan, it might spend a decade or two chugging along but not aligning its systems to new international realities. I suspect that China will be like neither."

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