No, it would have been even more successful than Taiwan. China before capitalism (pre 1978) China after capitalism (post 1978): China only started catching up to the West when it abandoned the centralized economy that other communist countries had in the 1950s and opened it up to the market economy in the 1980s. During the… Continue reading If China followed the same capitalist path as Taiwan, would it have become as successful as Taiwan? Taiwan GDP per capita is more than double that of China. A true Asian success story.
China isn’t try to be like America; It already is like America. But how can that be? Don’t Chinese people pride themselves based on the fact that their country isn’t the mess of chaos and instability that the Trump era USA is? Well, yes – and no. See, the biggest difference that China has with America is that their political… Continue reading Why is China justifying their bullying and policies by saying the US does it too? Is China trying to be like America?
The premise is debatable. Let’s take an unbiased look at the achievements of each country in the last 20 years: China since 1999: -Has lifted millions out of poverty -Sustained enormous YoY GDP growth under Hu Jintao and Xi Jinping -Hosted their first Olympics -Rose up to surpass Japan as the world’s second largest economy… Continue reading Why is South Korea more advanced and successful than China?