Who glossed China? Nicholas Lardy is widely respected. Naturally, he's almost always wrong.
American Prospect, The, November, 2006 by Fingleton, Eamonn
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AFTER THE ECONOMIST NICHOLAS Lardy visited China in the mid-1980s, he came away distinctly skeptical. While Chinese leaders were gearing up for a huge export drive, Lardy predicted "a marked slowing in Chinas trade expansion in the years ahead" In particular he questioned Beijing's reported plan to boost total Chinese trade (imports plus exports) to more than $200 billion by 2000. In a monograph published by the Asia Society in 1987, China's Entry into the World Economy, Lardy suggested the target was implausibly high.
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In the event, Chinese policy-makers far exceeded ...
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