Reading tea leaves on China’s economy
Here are two signs that capitalism in China is taking root: Anheuser-Busch and SABMiller are fighting, and one will probably overpay, for control of China’s Harbin Brewery. And ruminate on this interesting quote:
“I’ve never seen one before. They’re really beautiful,” said Miao Wenchang, a Shanghai office worker. Beaming with pride, he said, “China really has a lot of rich people now.”
Miao was standing outside the new Ferrari Showroom in Shanghai.