Thursday June 03, 2010
The Flip Side of China's Economic Miracle
Wieland Wagner
Spiegel International
Shanghaied
German businessman Mohammad-Reza Mouazzen wanted to expand his heavy equipment company into China. But it didn't take long before he realized that the country's economic miracle has a dark underbelly.
Expo 2010 is underway in Shanghai, and the luxury bars along the Huangpu River are filled with the delegations of Western companies drinking toasts to the new partnerships they have just formed with Chinese companies.
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