The emperor's new clothes are old - Commies

[dArKeR]

China's admirers come from all sorts of backgrounds. They include global capitalists as well as an assorted group of disillusioned left-wingers who find in China an alternative to US and Western ideology

The first group is mesmerized by China's seemingly limitless cheap labor, enabling them to shift their labor-intensive production there. They are heartened by the official commitment to maintain "industrial peace," which means that the state won't allow labor to organize or strike. Equally tantalizing is the prospect of a market of 1.3 billion consumers.

The second group comprises people, including some academics, who are disillusioned with the US and international financial institutions such as the World Bank and IMF. They are enamored of China's autonomous model. They are so impressed with its economic growth, achieved without kowtowing to the symbols of global capitalism, that they attribute it to the country's special genius in carving out its own unique path. It is an alternative model to the conventional US-dictated World Bank/IMF prescription of open markets and tight budgetary policies.

http://www.taipeitimes.com/News/edit/archives/2004/09/22/2003203888