What can China offer investors?

When we think about China, we tend to think about the old: the much-vaunted 5,000 years of history, the sleeping giant awaking, the Great Wall, the Forbidden City and so on. And this is certainly useful: it reminds us that we shouldn’t be surprised by China’s looming superpower status (it was a superpower for most of recorded history) or its cultural influence (from the writing systems of Korea and Japan to the menu at your local takeaway) or its allure as a market (from the Arab traders that plied the Silk Road to the opium wars). Looking to the past reminds us that China is a re-eme...