China recently announced it will begin producing and selling its first large passenger jet (since 1980 according to Wikipedia). In response, James Fallows penned two great posts, with accompanying charts, about what this means for China’s industrial development. Here’s his summary from the second post:
In China Airborne, Fallows skillfully uses the rise and uncertain future of the aviation industry in China as a parable for the development in China. An avid political-economic analyst and storyteller, Fallows’ account is surprisingly easy to read, given the complexity of his argument that China is “contradictory” yet exciting.