U.S. Companies Booming in China

Daniel Gross's article notes that such American brands as Citigroup, General Motors, and KFC (formerly known as Kentucky Fried Chicken) have been doing more business in China, at the same time as they have been losing business in the United States. Is the tail wagging the dog, or China becoming the big dog of the global economy?

I was moved to post this article partly because of the recent visit of a friend of my daughter's, a young woman who spent three years working in China. Lauren contends that press reports about China are usually incorrect and unfavorable. I don't think this piece falls into that category.