China's growth comes from following capitalistic free market policies which are not communist in nature. (http://www.google.com/search?q=capitalism+in+china htt

China's growth comes from following capitalistic free market policies which are not communist in nature. (http://www.google.com/search?q=capitalism+in+china http://www.google.com/search?q=capitalism+in+china) Moreover, I remember listening to one of The Economist podcasts where someone had done audited Chinese firms more strictly where they don't write off the cheap (free) land government provides, or other give aways. Turns out on a whole Chinese firms are destroyers of capital and not creators. Crudely speaking, they take land and convert it to output X. The value of X tends to be lower than the value of the land.