#China: Breaking with globalization is ill-advised

https://www.eureporter.co/frontpage/2016/12/17/china-breaking-with-globalization-is-ill-advised/

Participants

  • Y. Zhang
    Role: Faculty
    Reference type: Written by

Media outlets

  • EUreporter (Online)

Description

China’s growth in recent decades is an economic miracle. By taking 728 million people out of the UN-defined poverty line (contrasting to only 152 million by the whole rest of the world since 1981), China has become an undoubted second largest economy with nearly 39% (in 2016) contribution to the world economic growth. China’s economic structure is evolved adaptively, from a central-government ruling economy to a market-oriented one, writes Professor Ying Zhang, RSM.

China’s growth in recent decades is an economic miracle. By taking 728 million people out of the UN-defined poverty line (contrasting to only 152 million by the whole rest of the world since 1981), China has become an undoubted second largest economy with nearly 39% (in 2016) contribution to the world economic growth. China’s economic structure is evolved adaptively, from a central-government ruling economy to a market-oriented one, writes Professor Ying Zhang, RSM.