Weakest Link?
In the race for global competitiveness, is the U.S. falling behind?
On summer nights along Nanjing Road, Shanghai's classy shopping street, Chinese yuppies strut in Italian leather jackets and designer jeans. But the hip young consumers show off Chinese-made mobile phones, shirts and even cars. Once known only for cheap goods, China and other emerging powers like India are now competing with America in making high-end products. Indian drug companies are becoming global giants, while China's carmakers are preparing to export.
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