The Spectator

Red handed

The world is a better place for China’s emergence from behind the bamboo curtain where it hid for half a century. Economic and market reforms have led to the greatest reduction of poverty in world history. For some western manufacturers, competition from low-cost China has sometimes proved fatal, yet the overall economic effect has been beneficial, helping to deliver years of global growth without the inflation which once acted quickly to snuff out the boom times.

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