I remember reading years ago that China had decided its growth rate would be 8 percent per year. To my continued amazement, it’s been 8 percent every year – imagine that! Almost as if the entire point of the economy was to find a way to hit the target regardless of the consequences or the jiggery-pokery required to get there. Next time you read an op-ed about the virtues of the Chinese way, keep this in mind.

Any bets on whether the eventual move to the new city will be voluntary?

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