After working (in tech, not as an english teacher) and living in China for several years this is pretty much on the mark.<p>The deck is stacked against foreign companies.  If they get large enough their business will be manipulated to fail in the favour of a home grown competitor.  There is no effective rule of law and most foreign companies are seen as resources to strip and discard when their utility has ended.<p>(I had posted a more detailed comment along these lines in the Google thread here:  <a href="http://news.ycombinator.com/item?id=1050829" rel="nofollow">http://news.ycombinator.com/item?id=1050829</a> )<p>China also has a looming demographic timebomb that will tear the country apart.  This year was the peak of the working age percent of the workforce.  From now on the ratio of working age adults will only decline (thanks to the single child policy).  China isn't wealthy enough to support all those non-working people.<p>The world needs to start being more forceful with China.  We don't want their model to succeed.  Trust me,  you don't want to live in that world.