Damaging economic confusion in the West on consumption in China
An increase in the percentage of consumption in GDP will lead to a lower rate of growth of consumption, and therefore of living standards, and slower rate of GDP growth.
Economics
Deng Xiaoping and John Maynard Keynes
The importance of China’s economy is twofold. The first is the material scale of China’s economic achievement. The second is the conclusions that can be drawn for other countries—the “universalizable”, or not, character of China’s economic system.
So-called “Peak China” is simply a Western campaign for China to commit economic suicide
Despite the fact that China’s economy continues to far outgrow all major Western economies the Western media is energetically promoting a myth of “peak China”.
China grew fast because it was open & socialist, not closed & capitalist
The following article by John Ross, on why China’s economy is so successful, was previously published on the website China & the world economy.
My article ‘China’s socialist model outperforms capitalism’ established factually two key conclusions for global economic and social development.
Lessons of the Chinese economic reform, part 1
First published: May 1996
The most conclusive indictment of the economic policies which have devastated Eastern Europe and the former Soviet Union since 1989 and 1991 is their contrast with the spectacular success of the reform of the world’s second major centrally planned economy – China – a model now being increasingly applied in Vietnam and Cuba. China’s success shows that the suffering inflicted upon the peoples of Eastern Europe and the former USSR, under the guidance of the IMF, was totally unnecessary.
Lessons of the Chinese economic reform, part 2
[Continued from Part 1] The virtuous circle of the Chinese economic reform As the consumer boom took off however, it had an increasing knock-on effect upon the state-owned industrial sectors of the [Read more]