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Éloi Laurent
Éloi Laurent
Éloi Laurent is a senior research fellow at the Sciences Po Centre for Economic Research (OFCE), professor at the School of Management and Innovation at Sciences Po, and visiting professor at Stanford University. 

OpinionHow China dispelled the 3 myths of economic growth

An exhibition in Hong Kong marks the 40th anniversary of China’s reform and opening up. The series of ‘modernisations’ initiated by Deng Xiaoping transformed one of the world’s least-developed countries into a leading economic power. But growth has not decreased inequality, or increased happiness for most. Photo: EPA-EFE

China’s economic miracle, the greatest development experiment in human history, defies the expectation that economic growth will reduce inequality, usher in political liberalism, and protect the environment.

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40 years of reform and opening up