Capitalism with Chinese characteristics
by Yasheng Huang · first published 2008
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Presents a story of two Chinas - an entrepreneurial rural China and a state-controlled urban China. In the 1980s, rural China gained the upper hand. In the 1990s, urban China triumphed. In the 1990s, the Chinese state reversed many of its rural experiments, with long-lasting damage to the economy and society. A weak financial sector, income disparity, rising illiteracy, productivity slowdowns, and reduced personal income growth are the product of the capitalism with Chinese characteristics of the 1990s and beyond. While GDP grew quickly in both decades, the welfare implications of growth diffe
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…Indian, this is a subject I think about a lot - I do mean a lot, almost as much as I think about our company (Zoho). I have also read a lot of literature on this subject - most recently the wonderful book Capitalism with Chinese Characteristics, by Yasheng Huang. I follow China closely because Deng Xiaoping China's track record of lifting people from poverty is unequaled and will likely never be equaled - given that only India has those kinds…
on “Why Poor Countries Are Poor” ↗…result, China’s wealth is concentrated in only a very small share of the population. In fact, despite enormous GDP growth, a large share of the population is not much better off from a decade ago. The book “Capitalism with Chinese characteristics” by Huang Yasheng demonstrates using detailed quantitative analysis that China’s state-directed economic policies since the 1990s are essentially anti-poor. Huang’s book attributes Shanghai’s strong GDP…
on “China's instructions on reporting on Google” ↗…https://en.wikipedia.org/wiki/Socialism_with_Chinese_charact... Then I found this line: > ”According to writer and researcher Yasheng Huang and many others, the economic theory in China is not socialism with Chinese characteristics, but the opposite—capitalism with Chinese characteristics.” This is an interesting point because it’s hard to imagine China would be in their present economic position without embracing “capitalist tendencies” in conducting trade domestically and internationally.…
on “The Seven Dangerous Western Values (2013)” ↗The title appears to be a reference to Yasheng Huang's book "Capitalism with Chinese Characteristics".
on “U.S. Marches Toward State Capitalism with American Characteristics” ↗