The Two Faces of China

Hongkong and Shanghai Banking Corporation projects that in 2034, bank assets in China will surpass those in the United States. The country has become the world's largest consumer of steel, concrete, cell phones, and other important products. Meanwhile manufacturers around the world are being forced to make massive changes to compete with the "China Price." The New York Times article, The Two Faces of China, presents a nice overview of the current China's current status in the world economy.