Fornew readers and those who request to be “好友good friends” please read my 公告栏 first.
An excellent and must “read” – Can the Chinese Discover the Urge to Splurge?
This is the title of the cover article of the Sunday New York Times Magazine dated November 28, 2010. It is a popularized, objective, and penetrating analysis and reporting of the economic history of China from 1978 – date. It is popularized in the sense that the analysis and explanations are accessible to most educated public such as the readers of ScienceNet (but be forewarned that you need to read the article slowly, carefully, and with thought). It is objective because the author uses both facts and official statements to make his case. Finally from my own first-hand experience of yearly visits since 1979, I am impressed by the authors penetrating observations of the transformation of China from an agrarian economy to an industrial economy and its future as a consumer economy.