China to Embrace New Growth Strategy?
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  • Zhao Ningkang

    Chinese leadership only knows plunder, graft, thievery. Apart from these, they know nothing. They often make some pose, but all of it is cosmetic. They need to gain time to steal as many money as they can. They treat China as a ship which is going to sink. Americans, don’t be fools any more. You need to see through the essence of the CCP.

  • Some Sock Puppet

    If only we had leadership in this country that took their jobs as seriously.

  • Greg in Denver

    Alert Tom Friedman! Calling the NY Times…

  • Kris

    those who favor the so-called Beijing Consensus need to come to terms with the reality that even in Beijing the smart money sees this approach as, at best, a temporary stage on the road to true capitalist modernity.

    It is ineluctable, Comrade! 🙂

  • “. . . The report calls for a shift away from large state owned enterprises to private firms if the economy is to continue to grow. This will come as a profound shock to so many in the developing world and even in the US who think that the Chinese have discovered a sustainable alternative to market capitalism. Apparently, not even the Chinese leadership thinks this is the case, and making China more market-friendly and less state-driven is seen as the key to the country’s future.”

    And while they’re at it, perhaps the NEXT report could call for not only a more market-friendly, but also a more consumer-, worker-, and small-property-owner-friendly China. Not too likely though, esp. when you consider all the corporations they’d be liable to offend. And also considering how it would go against a centuries-old Imperial Chinese tradition of regarding your people as some infinitely renewable (and hence disposable) resource. Which is not all that different, actually, from the way many of OUR employers have come to view their workers in recent years – except that in China’s case the model is applied on the scale of an entire country.

    So let me get this straight: THIS is the country that skeptics angry at the glaring “abuses” and inequalities of “unfettered” markets are touting as the – what? HUMANE? – alternative to market capitalism?

  • Jim.

    “This will come as a profound shock to so many in the developing world and even in the US who think that the Chinese have discovered a sustainable alternative to market capitalism. Apparently, not even the Chinese leadership thinks this is the case, and making China more market-friendly and less state-driven is seen as the key to the country’s future.”

    Of course. As much as hyperactive technocrats want to believe otherwise, your results just won’t be as good if you centralize every decision.

    You need to allow people outside of the Forbidden City to decide what will work best for their businesses. Once you’ve harnessed that energy, you open your country up to an approach that multiplies every economic consideration by your population, instead of dividing every economic consideration by your population.

    China is going to be in for some exciting times, as the problems they have get resolved by independent action on the part of small-time (and less-small time) entrepreneurs.

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