China’s Rags-to-Riches Ascent at America’s Expense0

• Economics
• May 11, 2020

A friend of mine who traveled China from the 1970s until recently described what the country was like 30 years ago: Its cities were sprawling, impoverished places with dirt roads and low-rise structures. With few automobiles in the country back then, the Chinese people got around mostly by rickshaws and bicycles. The country had only