Interesting Stuff Explaining China - Many western, socialist leaning politicians have been praising China recently particularly with regard to their economic growth. This article goes into exactly what was needed to make China grow, particularly the rule-of-law that was facilitated by Hong Kong. As the article points out, without property rights, much of the growth of China would probably not have been. I would also point out that much of the investment in China occurred as a result of people chasing yield and fleeing high labor costs. It was the Cantillon Effects that exported much of manufacturing and in a sense, this is temporary. Once prices get high enough, they go to the next country with cheap labor as it already has been to Vietnam, Cambodia and Indonesia.