The next decade or two will belong to China. Its buoyant economy will produce microchips and jumbo fridges for the world. Chinese astronauts will raise a red flag on the moon and Chinese Olympians will rise to the top of the medal tally at the 2008 Summer Games in Beijing. A confident government will liberate the press and introduce elections. That's one scenario for the world's most populous country. Here's another, just as plausible: picture gray-haired retirees from bankrupt state enterprises rioting in the streets. A hundred million peasants humping their bedrolls into cities looking for jobs that don't exist. Fractious...
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