A Plan for a high-income Chinese economy

6th November 2020 shoreditchadmin2 0

In the West the population is at present sheltering to protect itself from Covid, entering the greatest economic downturn since the Great Depression, and facing the threat of unemployment and reduced living standards. On the other side of the world in China, something going in exactly the opposite direction is occurring.

What China achieving ‘moderate prosperity’ means for China and the world

19th April 2017 Socialist Action 0

The following article by John Ross, setting out that China has produced the greatest economic achievement in human history, was previously published by Socialist Economic Bulletin.

China’s recently concluded “two sessions,” the National People’s Congress and the Chinese People’s Political Consultative Conference, reaffirmed China’s strategic medium term goal to create a “moderately prosperous society in all respects” by 2020. But “moderately prosperous” is a specifically Chinese term. To give a clearer idea internationally of what achieving this would mean, it is enlightening to give a global comparison for China’s goal of “moderate prosperity.”