Sssshhhhh…. Don't tell anyone

From the NYT:

"China’s food-safety problems highlight both the collapse of the country’s business ethics and the failure of government regulators to keep pace with the expanding market economy. Yet an excessive focus on poor government oversight often means that the much graver problem of disintegrating civic morality is neglected."

Add to that the fact that the economy is likely at 1% and not the 7% that is being claimed and you can see why FDI is down to 2009 levels and why unrest is more common than ever before.The culmination of these multiple events suggests that changes, and not in a positive-way, are coming to China's immediate future.I'm still a firm believer that China's economy will eventually be the largest in the world, it ought to with 1.5 billion people (and the Chinese will win more Golds/medals total than all others, etc. etc.).  But I'm much more worried that the "Chinese style" of doing business will become the most commonly exported feature of both China's soft and real power.  The combination of "disintegrating civic morality" and wealth (an no place to invest domestically) invites the spread of Chinese business, influence, practice and corruption to other parts of world and other industries.Now don't claim that I'm saying China is the source of amoral business practices.  And don't think for a second that I'm naive enough to believe that there is corruption already (at China levels?) in other parts of the planet as well.  But most, if not all of those other places, are limited in the influence their corruption can have outside of their respective locals--either due to significantly smaller amounts of money, people, resources or whatever.  China has none of those restrictions at this time and a growing sense of both entitlement (we should be the worlds super power like we were before) and nationalism.