The Tip of the Spear

This is a really interesting article: "China moves to curb industrial capacity." While it may seem like a run of the mill business article, the outcome the initiative it decribes will a have powerful effect on two things:
1) whether China will be able to reign in and reorient its economy's focus on production for export- assuming that the US' spendthrift days are not coming back anytime soon, this is exceptionally important to rebalancing the world's economy and China's development in general; and
2) whether the world will actually reduce its carbon output- this is a battle that will be either won or lost in the developing world and (assuming current trends continue) most of all in China.

Something to keep an eye on.