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China Economic Reform

Reading Piketty in Peking: The Case Against Capitalist Inequality in Communist China

Ping Chen | Posted 08.29.2014 | World
Ping Chen

Piketty's concerns are relevant to the growing inequality in China that has resulted from adopting the neo-liberal capitalist model from the West. Hence, Piketty's reflection on mainstream Western economics indirectly treads a delicate ground in China. It fits right into the current raging debate over which path China's reformers should take in the next stage of "structural reform."

The Five Reasons Why China Works

Zhang Weiwei | Posted 12.01.2014 | World
Zhang Weiwei

China is still faced with many daunting challenges ranging from corruption to regional income gaps and environmental degradation. But China is indeed better than at anytime in its modern history. The country is now the world's largest laboratory for economic, social and political experimentation. There is every reason to believe that China, which has a continuously adaptive political system, will reach its objective of becoming the world's largest economy in a decade's time -- with all the implications for China itself and for the rest of the world at large.