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.
How China responded to the USSR’s collapse
An interview with Zhang Weiwei (Deng Xiaoping’s interpreter and now one of the most influential political analysts in China).
Deng Xiaoping was above all a great leader of the Chinese people. Through pursuit of his country’s national revival, lifting over 620 million people out of poverty, he also made an unparalleled contribution to humanity’s overall well-being. But if that were not enough, he had another achievement. By far the greatest economist of the 20th century was not Keynes, Hayek or Friedman but Deng Xiaoping.
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