In "Can anything hold back China's economy?" Larry Summers makes a number of good points. By the way, his implicit answer to the question he raises in the title seems to be "No." Along the way, though, he writes as if the United States has one mind rather than over 300 million minds. Good point #1: At the heart of the problem in defining an economic strategy toward China is the following awkward fact: Suppose China had been fully compliant...