Writing at the Washington Post, Minxin Pei of Claremont McKenna College lists exaggerations and distortions about China.
As with now-discarded theories from the ’80s about Japan’s supposed economic indomitability, there’s been much foolishness about China’s actual prospects.
See, Five myths about China’s power – The Washington Post.
See, also, an online chat on the same topic.
(From the chat, Pei on the biggest myth about China: “The biggest myth about China is that the country has learned to do capitalism better than the West. You hear this from Western business people all the time. The reality is that China has learned to do “raw capitalism” or “crony capitalism” much faster than people can imagine. But I don’t think people in the West could tolerate that kind of capitalism.)