A Shenzhen resident rests in front of a poster of Deng Xiaoping in November. In December, China marked the 40th anniversary of reform and opening up, launched by Deng in December 1978, which has catapulted the country to the status of the world’s second-largest economy. Photo: AFP
Joe Zhang
Opinion

Opinion

Macroscope by Joe Zhang

As the state tightens its grip on the economy, will China reject capitalism again?

  • Joe Zhang says Beijing has turned decisively towards more state control of the economy in the past decade, and public support for tighter regulations means capitalism may be in trouble

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A Shenzhen resident rests in front of a poster of Deng Xiaoping in November. In December, China marked the 40th anniversary of reform and opening up, launched by Deng in December 1978, which has catapulted the country to the status of the world’s second-largest economy. Photo: AFP
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