As all the talk, misstatement and misrepresentation about Foxconn plays out in the media, it’s worthwhile to try and really understand how the Chinese economy works and how the macro issues of China's great migration helps explains so much that we don’t understand.
Every year more than 200 millions rural peasants pour into China's cities, fueling the country's staggering growth. The obstacles they face, the opportunities that lie before them and the contributions they make are all part of the future of modern China. How this all plays out is still an open question, as China moves faster than any other nation in history from a rural to an urban economy. Michelle Dammon Loyalka, in her bookEating Bitterness:takes us inside these stories from China’s great urban migration. My conversation with Michelle Dammon Loyalka: