Why do the Chinese revile Blackstone's Stephen Schwarzman?
James Fallows has been living in China and taking lots of notes. In this month's Atlantic, he explains all.
January 12, 2008 1:02AM (UTC)
The most cogent, well-written and enlightening analysis of the economic relationship binding together China and the United States I have yet read:
"The $1.4 Trillion Question" by James Fallows in the January issue of the Atlantic, free to all comers.
As Fallows says
in his own blog, "If you been yearning to know how the dollar you spend at Wal-Mart or CVS is eventually reincarnated as a Chinese-held Treasury note, or why Stephen Schwarzman of Blackstone is about the most reviled foreigner in China at the moment, your dreams have come true."
(Hint: The Chinese person-on-the-street believes the private equity billionaire took China for a ride.)
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