"The central government has been learning how to benefit from the markets by trial and error. But Chinese bureaucrats are fast learners, supported by talented young economists, bankers, and financiers faced with the challenge of dealing with an unprecedented rate of growth in an increasingly globalized marketplace. For decades, the best and the brightest in China have aspired to careers in the Party and the government rather than in the private sector. These people now run China, so it should be no surprise that China has some of the most capable politicians in the world. Frankly, we should all wish these people well, regardless of their political beliefs or ours. Worldwide economic growth -indeed the stability of the world - depends on how well the leadership in Beijing manages its economy."
