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Why China and the U.S. Can Be Capitalist Comrades

Dec. 5 (Bloomberg) -- China’s growth has slowed a bit this year, but the surge in vivid predictions about the country’s future continues to amaze observers. This observer, at any rate.

Experts foresee imminent financial collapse or an uninterrupted rise to economic preeminence. The ruling Communist Party will either loosen or tighten its grip. The consequences for the U.S. and the rest of the world will be either benign or disastrous.