The list under the subheading "What Is the Chinese Economic Model?" is worth reading. He is overly harsh on some points ("there is perhaps a 30-year supply of poverty-level wage earners happy to make export goods at below global cost") but he is right on the money for others (currency manipulation, stolen IP, etc.)<p>Note that this came out more than a week before Google made its announcement that it was considering pulling out of China. I think other startups or established companies considering an expansion into China should read this first. There are certainly opportunities, but lots of asterisks too.