>>>Japan in the 1930’s? Sound familiar?
As much as I’d like to see China evolve into a 1st world nation, it keeps looking like their xenophobia, quick temper, and one-way deals (no capital repatriation) don’t look too promising.
A month or so ago, an Egyptian businessman was interviewed on Charlie Rose (liberal) PBS, and the international businessman said it was impossible for him to penetrate into China (and India was too corrupt).
The WTO is powerless in front of China. It’s like everyone has drunk some kind of kool-aid.