Listening to: The Sound of Rain.

From Brad Delong’s blog. Peering
into the Future of China:

How long can China keep growing?

• 400 million peasant workers whose productivity is 1/3 the average

• 100 million manufacturing workers whose productivity is 4 times the average

• Do the math:
• Basic mechanization of agriculture plus transfer of 250 million peasants will
  triple the size of China’s economy and its desired manufacturing exports…

Well worth a read.

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