BALANCING ACT: A LETTER TO THE ECONOMIST (May 5, 2008)

You are right to say that China presents the whole world, including China itself, with a difficult balancing act (“Angry China,” May 3, 2008). But what a balancing act it is! It is good to remember that China is experiencing the fastest process of economic development in human history. In rough numbers, what took Britain some two-hundred years will take China only about fifty. This includes the fastest urbanization and industrialization processes ever, involving the movement of about a billion people. Returning to the difficult balancing act, it is rather like sprinting over a tightrope that stretches all the way to the misty horizon.