TOO MUCH GAS
Shanghai’s growth over the last thirty years has been staggering. Measured in cars, concrete, new buildings, new homes, and air travel, this city has been transformed from an industrial hotbed of revolutionary leftism into one of the world’s superstar cities. The neon-lit buildings along its Bund waterfront feature five-star hotels and high-end restaurants such as Jean George—enough in quality and quantity to compete with any other world-class city, from New York to Paris.
The rise of this mega-city foreshadows China’s trajectory in the twenty-first century—and that of the rest of the world. Hundreds of millions will be moving to cities like Shanghai to strike it rich and escape the rural life as more and more of the world’s ...