The New York Times has started publishing a massive, multi-part series on the rise of China.
Some of the questions they set out to answer:
"How did…Communist China come to lead the world in the number of homeowners, internet users, college graduates and, by some counts, billionaires?"
"How did a once-cloistered nation with a flailing economy drive extreme poverty down to less than 1 percent?"
"How did it achieve social economic mobility unrivaled by much of the world?"
"And perhaps most of all, how did a country that rejected all of the conventional wisdom Western economists had to offer arrive at a moment when it is on track to surpass the American economy?"
After months of reporting, they’ve got five big takeaways:
"China’s growth was more than a little improvised."
"American attitudes toward China have soured to an extent not seen in decades."
"China’s global footprint is growing, and Beijing is playing an increasingly assertive role in the world."
"The American Dream is alive and well ... in China."
"What’s does “Made in China” mean? Not what it once did."
Get smart: To us takeaway #4 is the most notable. The fact that social mobility is still relatively high is one of the biggest reasons that most people are content with the current system.
The series is worth a look.
NYT: Five Takeaways From Our New China Project