[quote=FlyerInHi]The NYT has a whole series on China.
It’s pretty objective even though sometimes they fall back on stereotypes that they want to avoid
The American Dream is alive. In China
By JAVIER C. HERNÁNDEZ QUOCTRUNG BUIThe New York Times
Mon., Nov. 19, 2018
Imagine you have to make a bet.
There are two 18-year-olds, one in China, the other in the United States, both poor and short on prospects. You have to pick the one with the better chance at upward mobility. https://www.thestar.com/news/world/2018/11/19/the-american-dream-is-alive-in-china.html%5B/quote%5D
The answer to the question of why China grew so fast is Taiwan. Which is well covered in the NYT article. Without Taiwanese and HK businesses coming into the vacuum and injecting economic know-how in the late 80’s, the take off would not have happened so quickly with minimal roadblocks.
One way to look at China’s rise was that China was so economically depressed when it first opened up it really have had no other way to go but up. China’s CCP got so much praise for China’s rapid growth, but if you think about it a bit, they totally destroyed all prior economic vital signs and had the country at near flat line, then when the patient came back alive they are now the heroes??? As for the economic playbook, they essentially just borrowed the same playbook used by Taiwan, and since Taiwanese businessmen were able to bridge the gap given the same linguistic and cultural base, they were able to replicate and copy the same growth Taiwan experienced in the 70’s.
Now Taiwan has created a great playbook for democratization for China to plagiarize and copy as well, free of charge. Problem is China doesn’t want to play that game because they see themselves as the KMT within Taiwan, which is now decimated and marginalized.
