China’s Long-term Economic Future

If you do business in China, or contemplate doing business there, you should understand the controversy over the country's long-term future.

In a nutshell, there's reason to doubt that China will continue to grow until it achieves the per-capita income of a developed country (like the U.S. or Japan). China may get stuck at something like Mexico's level of development.

The controversy is summarized very nicely by Dan Harris in his China Law Blog, which is must reading for business leader involved in China, even those not particularly interested in legal issues.