This also resurrected from previous post on (somewhat-insiderish) Aspen blog site:
There have been so many discussions about China that I can't keep track even of those I've been involved in. But I managed to take notes at one involving Li Cheng, a Shanghai native now at the Brookings Institution, who in a very droll way (under questioning by Orville Schell) made a number of interesting points.
Li's stated Big Idea theme was "China's Future: A paradox of hope and fear." I won't try to convey the arguments there, but here were a few of the apercus: