For years I used to simply discount Minxin Pei. As China kept rising, Minxin Pei kept talking of its imminent collapse. Though I always appreciated his analysis, I stopped reading him as he became more and more the boy who cried wolf. It has been at least two years (I am guessing) since I bothered reading any of his stuff.
But as my optimism regarding China has been tempering and as I see more and more of my firm’s clients starting to view China as increasingly risky, I did something unusual this morning and went ahead and read a Minxin Pei article. It’s gloomy, sure, but I found myself agreeing with much of what he was saying and I did not discount a single thing out of hand. The article is “China’s Bumpy Ride Ahead” and I would love to know what you think. Has China changed or is it just me? Who moved my cheese?
I am also going to ask this same question over at our China Law Blog Linkedin Group, which if you have not joined yet, you should.