How does the Chinese economy work?

Though the economy was growing nicely Deng Xiaopeng said that China was still so far behind the West and that “our country must develop. If we do not develop then we will be bullied. Development is the only hard truth”. read more

The Chinese economy is a source of wonder and fascination in the West, as well it might be. According to the World Bank, the People’s Republic clocked a cool 9.1% growth in 2011, while the United States languished at 1.7%. read more

As it is known, in China a "state capitalism" was settled down, that is, the State was the absolute owner of the means of production and profits. read more

Reform has favoured entrepreneurship that has powered the Chinese economy. The private sector has contributed an increasing share of national output. Were that reform to stall, the engine of Chinese economic success and its higher-than-average growth rate would falter. read more