Manipur, Jan. 24 -- An Insider Unmasks the New Economic Superpower', former US treasury secretary Henry M Paulson, Jr notes that the tremendous changes China has undergone over the years have made the Americans wonder how the "world got turned upside down so fast". He is right in observing that the phenomenon is a "source of concern as well as a source of awe".

Keeping aside the political churnings that made what China is today, Paulson says Americans still wonder whether the Chinese are friends or foes. Stating that there are no easy answers on how they must deal with China, Paulson observes that the Chinese used all their brains and muscles and combined it with knowledge, innovation and best practices from what they have "begged, borro...