Spreading China’s Wealth

Spreading China’s Wealth
The logo of Alibaba Group at its office in Beijing on Jan. 5, 2021. Thomas Peter/Reuters
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Commentary

People in China, especially rich ones, are about to learn a new history and an element of communism the older generations had forgotten and the younger ones never knew.

Clyde Prestowitz
Clyde Prestowitz
Author
Clyde Prestowitz is an Asia and globalization expert, a veteran U.S. trade negotiator, and presidential adviser. He was the leader of the first U.S. trade mission to China in 1982 and has served as an adviser to Presidents Reagan, George H.W. Bush, Clinton, and Obama. As counselor to the secretary of commerce in the Reagan administration, Prestowitz headed negotiations with Japan, South Korea, and China. His newest book is "The World Turned Upside Down: America, China, and the Struggle for Global Leadership," which was published in January 2021.
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