China's Looming TransitionChina's Looming Transition—From Manufacturing to Consumption

摘要

· China is the most important experiment in the laboratory of globalization· That means we must take the global context seriously in assessing Chinese prospects· My basic global premise is that an unbalanced world is in serious need of rebalancing· The coming global rebalancing will involve all major countries in the world—including the US, Europe, Japan,and even China· This rebalancing will entail important transitions for all.