Despite President Trump’s punitive tariffs on Chinese imports to the U.S., American businesses seem bullish on China, with profits up, and few interested in moving manufacturing out of the People’s Republic. But Bill Whittle sees trouble down the road for China’s long-running economic surge, as its middle class swells, wages rise, and the Communist government’s oppression of Hong Kong makes it a stench in the nostrils of the Western world. How long can China keep one foot in free markets and one in centralized control?
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