Ping!
FYI
As far as China’s momentum towards reform has begun to slow the real issue is
"They are being careful in how far they go in deregulating markets. They want to make sure the stones are firm before planting their feet on the next one. [As in wading across a river, Deng's analogy] The 'feeling for stones . . .' strategy is based on an understanding of liberalization as a series of tradeoffs between efficiency and increased risk of market-determined social problems (or, at the extreme, of market initiated social disintegration)."
They are NOT going to lose control. The west is in a hurry, the Chi-coms are not. And BTW, it ain't going to be capitalism it's socialism with Chinese characteristics followed -- sometime in the distant future - by communism.
china ping.........
Yawn...the article and the subsequent posts in this thread miss the real dynamic: the deliberately undervalued Chinese Yuan that artificially props up the U.S. Dollar to such absurd heights that massive trade imbalances follow.
Drop the Dollar down some to raise the Yuan and suddenly Chinese exports become more expensive to American importers.
Of course, China wants quite the contrary: a flat or rising Dollar (ludicrous).