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Ironically the biggest inflection point in China's increase in standard of living was Deng Xiaoping's market based reforms in the early 1970s. This backsliding
by VHRanger 7y ago
Ironically the biggest inflection point in China's increase in standard of living was Deng Xiaoping's market based reforms in the early 1970s.
This backsliding to authoritarianism under Xi is sure to lower GDP per Capita growth over the medium and long run -- you need inclusive economic institutions for economic innovation and creativity to be fostered.
- jolotriage 7y agoMao dealt with most of the large drug distributing organizations pretty effectively. This rehab process played a key role in the future expansion.