The AK-47, for example, is widely available to private citizens around the U.S. as a semi-automatic version (firing one shot each time the trigger is pulled), but the military grade fully automatic (continuous fire while the trigger is depressed) model is illegal almost everywhere.

FORBES: Las Vegas' Machine Gun Craze? Blame Movies & Video Games

China needs to shift to a more sustainable growth model, and adopting a new growth strategy will trigger a structural catch-up process in global investment and consumption.

WSJ: Thilo Hanemann and Dan Rosen: Chinese Investment 2.0