Crash and Burn
For years, the Beijing regime has stayed in power using a basic bargain with its citizens: Tolerate our authoritarian rule and we'll make you rich. And for years, this seemed to work, leading many China-watchers (myself included) to conclude that Beijing was rising into great-power status. But as the financial crisis shows, that bargain rests on weak foundations. And if Beijing breaks its end of the deal, its people, already holding rising numbers of ... Full Story »
Posted by Kaizar Campwala
While the rest of the world are going through at least a recession or in some cases a depression, I did not know that China, while going through economic problems, was as bad as the author said. With the new found independence of the Chinese youth, the problems China will have taking away this new wealth and freedom, as it is, will have world wide repercussions and Barch Obama and his new cabinet very busy.