131331 external_news 1337248728 1475893540 Regional and local officials of China "are doing everything in their power to make the system [China's manufacturing-based economy] work, sometimes against the wishes of the central government," said Dan Breznitz, associate professor in The Sam Nunn School of International Affairs, during a recent hearing before the U.S. - China Economic and Security Review Commission. "We should not rely on China failing." Municipal and provincial officials, he argues, have a clear set of goals, the money and the will to transform China's economy in hopes of surpassing ours. "It is time that we wake up and smell the jasmine or ginger because it's coming," Breznitz warns.  Source: EDN.com – May 16, 2012

]]> 2012-05-16 1281 1285