China’s Day Never Came

As India prepares to ride the next wave of industrialization and the United States prepares for a new round of techno-economic leadership, China seems to be stuck in the past. Will China be able to make the transition to a self-enabling consumer economy?  How will it deal with its apparent housing bubble?   Will   its new global reach into Africa, Latin America, and Central Asia provide the demand it needs? As low-end manufacturing moves to South Asia and high-end manufacturing returns to the OECD, how will China respond? How will China meet th.....