Why China and the U.S. Can Be Capitalist Comrades

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Dec. 5 (Bloomberg) -- China’s growth has slowed a bit thisyear, but the surge in vivid predictions about the country’sfuture continues to amaze observers. This observer, at any rate.

Experts foresee imminent financial collapse or anuninterrupted rise to economic preeminence. The ruling CommunistParty will either loosen or tighten its grip. The consequencesfor the U.S. and the rest of the world will be either benign ordisastrous.