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Mar 23, 2006

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Thanks for blogging on this important article. I think many analyists fail to account for the (so far at least) incredible ability of the Chinese government to recognize its country's problems and to marshall forces and money to deal with them. So far, it's been so good, but I too often wonder how much longer a centralized economy can keep getting things right.

The private sector continues to grow and is really quite dynamic, but the worry there is about the 800 million villagers who have yet to really share in any spoils.

Michael Kruse

Thanks Dan.

"The private sector continues to grow and is really quite dynamic, but the worry there is about the 800 million villagers who have yet to really share in any spoils."

I agree that this is the crux of the problem. This is a big challenge and I think the clock is ticking. China's population will continue to age which will require and expanding safety net. If they can't broaden the prosperity ahead of that... It is a scary scenario.

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