Wither China

[don]

James Fallows, writing in the April edition of Atlantic Monthly ("China's Way Forward") [1], offers an astute ground's eye assessment of China's economic prospects and reflects comparatively on the experience of the United States, Japan and others in the teeth of the storm of 2008-09. Beginning with compelling images of migrant workers in their millions returning to the countryside where they face protracted unemployment while container ships sit idle in port, Fallows explains why China's industrialization and export-dependent economy will be hard hit by the looming world depression. He believes, however, that China will not only weather the storm, but is likely to emerge stronger from it.

http://www.atimes.com/atimes/China_B.../KD03Cb01.html