Just in time to save the world economy

Asian shoppers on a tear..

Aparently, we were on to something..

Little fortuitous timing never hurts..

Again?

Up and up..

Sometimes it’s nice if a thesis is immediately illustrated… China not triving on cheap labour alone..

The track-record on industrial policy is distinctly mixed, but this coming from China, we’re not laughing, somehow..

What are the consequences and alternatives?

Smoke and mirrors from all sides…

China’s doing something smart, learning from past mistakes (and those of others..)

Thorny problem. So many opportunities, so much danger lurking..