Sunday, October 28, 2012

(In China Nothing Is As It Appears) China at a Crossroads in Shift from World's Factory to Industrial Power

By Erich Follath and Wieland Wagner
The Chinese are seen as victors in the global financial crisis, and as both a hope and a threat to German industry. Beijing wants to be more than the world's factory. But the country's economic engine is showing signs of stalling and it is uncertain what direction it will take in the future.
A visit with Mr. Huang, one of the richest and most controversial men in the People's Republic of China, is full of surprises. Take, for example, the four pairs of climbing boots lined up like exhibits behind the door to his office. "I was at the South Pole and North Pole, and twice on Mt. Everest with these," says Huang, pointing proudly to a series of photos that serve as proof of his adventures. There are Buddha statues and various animals in the adjacent rooms, including rhesus monkeys and pygmy rabbits in cages, as well as small sharks swimming in circles in a large aquarium leaning against a wall.  To Read More….

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