Dispelling the Myth of the China Threat
In the 1970s, the most coveted consumer goods in China included a radio, bicycle, sewing machine, and wristwatch—the “four big items.” These were replaced in the 1980’s with color TVs, refrigerators, cameras, electric fans, washing machines, and tape recorders—“six big items.” Today, many urban households are more concerned with private apartments, private cars, computers, and … Read more