According to Fox News, Wal-Mart is likely to buy a retail chain in China. This is of course good news for Wal-Mart (and bad news for Wal-Mart bashers), but a surge in retail trade is also indicative of many terrific trends in China. With the Asian country’s huge population, everyone should wish it the best.
The article points out that China’s economy is growing by 10 percent each year, and that the country’s middle class is swelling. The Chinese are headed down the road to liberalization, whether some in the leadership like it or not.
Of course, China has its share of problems. Just this year Google had to censor its search results to access the country, and there remains a “one child” law.
If these trends continue, though, democracy is almost certain to take hold. Research by Seymour Martin Lipset once proved there is a solid, undeniable correlation between economic development and political liberalization.
Robert VerBruggen blogs at http://robertsrationale.blogspot.com.
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1 user commented in " Wal-Mart to buy retail stores in China "
Follow-up comment rss or Leave a TrackbackGoogle censored itself for the money…It was not foisted on them by China…
There is no bulging middle classs in China. The gap between upper class and upper middle class citizens and the competely impoverished is growing and causing great civil unrest.
China may become more evely distrubute wealth someday, but it will be a long time before liberalization occurs here in a society that has known nothing but repression for 6 decades.
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