Yet, I became a believer in the future growth of China and managed to gradually figure things out.
In the month of July, China Mobile managed to add only about 1.9 million 3G subscribers, in stark contrast to the 3.1 million that China Unicom added during the same month.
China Mobile has also managed to overcome its 3G shortcomings by building out a nationwide Wi-Fi network.
China faces similar problems but has managed to woo some overseas talent by appealing to patriotism and giving academics a chance to work in an innovative economy.
It has managed to avoid the recent tainted-food scandals emerging from China, thanks to a separate laboratory business it owns, Sino Analytica.
Still, Nokia managed to increase sales in China by about 20% over the previous quarter, banking on sales of just the high-end 920, 820 and the mid-end 620.
FORBES: Nokia Leans On Lumia In Choppy Transition To Windows Phone
In the meantime, the BRIC Breaker blog here at Forbes has only managed to find people who believe China is in a stronger financial position than the U.S., the European Union and many other emerging markets, like India.
China has been caught in such situations before but has managed to implement critical reforms.
Argentina has managed to anger several of its trading partners including China, the EU, and even members in MERCOSUR, the South American free-trade bloc, such as Brazil and Uruguay. (Read Best Steaks Coming Your Way:Beleaguered Argentine Beef Industry Set To Rebound).
FORBES: Trade Wars: How Overheating Led To A Conflict Between Brazil And Argentina
Toyota has so far managed to sell only a few hundred Priuses per year in China.
China's fiscal position is generally strong, and it's managed to avoid too much damage to its banking system.
The U.S. has managed to forge a worldwide coalition of states, including Russia and China, to fight terrorism.
Still, he managed to lure Patrick Benzie, a former Harvard classmate, over to China.
While the past approach was to use low-cost labor in China, the new factories, many of which are managed by outsiders, use increasing levels of automation, which will change the employment patterns in China.
Given this timidity, China could replicate much of the flexibility of a managed float by shifting the yuan's peg from the dollar to a basket of currencies, at the same time widening the band within which the yuan can fluctuate, say to 10% above or below the peg.
ECONOMIST: China should loosen its currency peg��and quickly
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