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.