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
Éloi Laurent
Opinion

Opinion

Éloi Laurent

40 years on, China dispels the myths of economic growth

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

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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
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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.