Economy. China has made dramatic economic progress during the last five years, weathering the global financial crisis and becoming the world’s largest exporter and second largest economy, surpassing Japan. By James A. Dorn for The Diplomat November 29, 2013 Facebook0 Twitter0 Google+0 LinkedIn0 China has made dramatic economic progress during the last five years, weathering the global financial crisis and becoming the world’s largest exporter and second largest economy, surpassing Japan.
China’s authoritarian development model appears robust, generating high real growth year after year. The flaws in China’s development model will become increasingly evident as inflationary pressures build, differences in rural-urban living standards mount, a growing middle class demands an end to censorship, capital controls narrowly limit investment alternatives, land rights are strictly curtailed, and freedom of movement is infringed upon by a draconian internal passport system. James A. Newspapermap - All onlinenewspapers in the world.
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