The above video clip is a little dated, and so is Ted Fishman's book, "China, Inc.", published in 2005, but between the two they draw an amazing and sometimes frightening picture of what's happening in China. Required viewing and reading!
What makes China's emerging corporations so dangerously competitive? What will happen when China manufactures nearly everything -- computers, cars, jumbo jets, and pharmaceuticals -- that the United States and Europe can, at perhaps half the cost? How do these developments reach around the world and straight into all of our lives? These are ground-shaking questions, and "China, Inc." provides answers.