Invisible China: How the Urban-Rural Divide Threatens China’s Rise

"Twenty years ago, seemingly everything for sale at American retailers had a "Made In China" sticker on it. Now, things have changed. Every year, forty thousand Chinese factories are shuttering their doors as businesses seek cheaper labor elsewhere. Clothes manufacturing is moving to Bangladesh and Vietnam, for example, and shoes to Ethiopia. The exodus is well underway. Even as American commentators fret over "rising China," the real threat lies in a virtually unknown story: that of a nation struggling amid a profound economic transition away from manufacturing. The culprit? Profound inequality and the lack of investment in the people of the most populous place on earth. Health and education are the grave challenges for the country's future-and the world. Far…