I've been busy preparing for the next community session where I will do some thinking about China, so I've been using the book The 10 Rules of Successful Nations by Ruchir Sharma to come up with a few pointers on how to think about China. The aim is not to be the final word on China, as I'm sure there are better investors out there on this topic, but a guide on how to interpret the news in a better way.
There is one point of analysis that I will not include in my presentation which I think I can share on this blog. 
One of the rules of a successful nation is that it must feel cheap at least to foreign visitors. 
This is a strange criterion because it is a subjective feeling of a country. Another criterion is that this is from a...