china economy

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.”

The general significance of China’s discussion on the economy’s ‘supply side’

29th January 2016 Socialist Action 0

The following article, by John Ross, on  China’s discussion on the economy’s ‘supply side’, was previously published by Socialist Economic Bulletin.

A major discussion is taking place in China on the issue of its economy’s ‘supply side’. Naturally there are aspects of this which relate to specifically Chinese issues. Discussion in China also differs fundamentally from that in the West in that it takes place simultaneously in both ‘Western’ and ‘Marxist’ economic terms. Nevertheless the overall framework of this discussion equally relates to the key issues of economic policy in Western countries.