Many good points, but I have a few quibbles. While I agree that things are getting better, I'm increasingly mistrustful of the "progress" being made on the reg

Many good points, but I have a few quibbles. While I agree that things are getting better, I'm increasingly mistrustful of the "progress" being made on the regulatory front. There's a lot of new rules on the books, but I don't see a lot of real change occurring. Good regulation requires independent monitoring and enforcement, and right now there's neither. The majority of large businesses have at least some level of government involvement and control, and many are outright state-owned. Moreover, the level of corruption is pretty staggering, to the point where being a government official is currently the best (and often the only) path to real wealth and power. Quality control and product safety are remarkably difficult in that kind of environment. Hopefully you're right, and solving these things will just take time. However, I don't think we have the option of sanguinely standing by and waiting for things to get better. Consumers and business clients need to demand better quality, the Chinese public needs to demand a more transparent and honest government, and those demands have to be made constantly and consistently. That's the only way change is going to happen.