Today's Wall Street Journal (subscription required) carries a front-page piece on the dangers of thinking of China as a warm market for Western concerns. Michael Pillsbury, a scholar and Pentagon advisor, says "Beijing sees the U.S. as an inevitable foe, and is planning accordingly." A lesson Yahoo! may have learned at great costs as noted in yesterday's post. Yahoo! itself offered a type of "no contest" in the London Times that could suggest the freedom of capitalism may not mesh with today's China.
posted by Steve Ennen