Debates about China have often been focused on those who say its growth can go on for decades and those who predict imminent doom. Here Mike Haynes argues that neither approach is correct, but so far the Chinese leadership has been more adept at understanding its growth than outside commentators
If you have a mobile phone or a computer then there is a good chance that it has been made in China. This is where top Apple products come from - the iPod, the iPhone and the iPad. These embody some of the cleverest ideas of modern technology and judged this way a lot of people think that China's growth is something completely unusual. Whereas a generation ago China was one of the world's poorest economies, today it is jumping stages to become one of the richest. This idea is causing consternation both among those who support global capitalism and those who oppose it.