“Our generation boldly ventured into uncharted waters … we ‘crossed the river by feeling the stones’,” she said, referring to the metaphor Deng used to describe China’s gradual approach to those policies. Guo, who had recently graduated with a major in English translation, started at the company as an assistant earning 8,400 yuan a year. … Read more
Xi delivered the address at a commemorative event held every decade around August 22 – a tradition that allows the party’s leaders to reconnect with its founding fathers and announce a path forward. He used the event to offer a salute to the past and to acknowledge the political challenges of today. 03:10 Why Deng … Read more
It said: “They shouldered the same mission: to modernise China, but they were faced with different circumstances.” But Western critics of Xi remain sceptical about his pledges to reform the economy. They have pointed out that China’s growth rates have significantly slowed over the past decade while Beijing still appears to prioritise state-controlled enterprises over … Read more
Now, nearly 11 years later, I would have to say that while the Chinese economy has progressed on many fronts, the implementation of those reforms has been disappointing. I think the critique that was raised by former Premier Wen Jiabao in March of 2007 – when he warned that the Chinese economy, while strong on … Read more
Between 1980 and 2017, China’s foreign direct investment increased by more than 90 times, making it by far the top recipient among emerging markets. Similarly, when China first started its economic reforms in 1978, its population was around 960 million. By 2017, it had reached nearly 1.4 billion, adding more than 10 million newborns each … Read more
