China Video Mocking USA

Fortune mag had an article about how China was on track to hit its 8% growth target yet again while all the developed world was foundering. The new strength = the Chinese consumer. Apparantly China has now developed enough of a spending middle class to have some clout. What they can't sell abroad they can just sell to their own people. Even if only 12% of China reaches middle class status thats enough people to replace the whole US couming population. And these folks have actual cash to spend, rather than credit.

The article scared me witless, to be quite frank. And Fortune is usually a very bland "corporate shill" type mag, too. I read it in the print addition but you might be able to find an online version by googling around.