The winner is China?

[Doug Henwood]

Several interesting points from that Economist article: no 
"superprofits" are being made by foreign investors, and domestic 
Chinese firms are earning a 19% return, which meaty but not "super"; 
MNCs are at least as interested in strong domestic markets as they 
are in cheap export platforms; and far from homogenizing everything, 
foreign investors have to accommodate themselves to local markets, 
tastes, and practices.

Doug