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I recently took a trip to Switzerland – a remarkable country that I have been fortunate to visit many times over the past 40 years. In addition to having a good time, I found a Swiss perspective useful to reflect on the state of the world and its economic vitality. Aside from its wealth – or perhaps because of it – Switzerland has always struck me as a happy country. Of course, in other ways, Swiss and British economic experience is nothing alike.Yet there are still plenty of Japanese tourists in Switzerland, too; and in Grindelwald, one of the Bernese Highlands' many picturesque villages, there is even a Japanese-language information center.Given these trends, I suspect that Switzerland will continue to host plenty of Japanese tourists in the coming years.And if China, with its population of 1.4 billion people, maintains its economic trajectory of the last 20 years, the Swiss will probably have to build a new, much larger station at Kleine Scheidegg. While in Switzerland, I couldn't help but think that the constant talk of China exaggerating its official economic data has become a farce.
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