California's economy was almost twice the size of China's when Jerry Brown last visited, in 1986. Today, the governor of America's biggest state (and the world's ninth-largest economy, down from seventh in 1986) is the first to admit that things look different, as he and a 90-strong business entourage embark on a week-long trade and investment tour of China. Chinese investors, reckons Mr Brown, have $400 billion-$500 billion burning a hole in their pockets. "They like our almonds, our wine, our brains," he says. "Instead of buying T-bills in Washington, they should be investing in California."
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