China’s version of the Asian model, Opinion News & Top Stories

FINANCIAL TIMES – “What do you think is unique about the China model?” That was the question posed to me by a television reporter, last time I was in Beijing. My answer was that I don’t think there was a specific Chinese economic model.

There is an East Asian development model of rapid, export-driven industrialisation that was pioneered by Japan, South Korea and Taiwan. What China did was to pursue the same model – at scale. I added that China’s one real innovation was that the country had not liberalised politically as it had grown richer. This sets China apart from the South Koreans and Taiwanese.

Please subscribe or log in to continue reading the full article.

Get unlimited access to all stories at $0.99/month

  • Latest headlines and exclusive stories
  • In-depth analyses and award-winning multimedia content
  • Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months*

*Terms and conditions apply.

Latest Posts