A view of Shenzhen from the observation deck of the Ping An Finance Centre on August 15. Shenzhen was one of the first special economic zones established in China in 1979, and has more than fulfilled its mission as a growth engine. Photo: Bloomberg
Opinion
Opinion
The View
China’s economic miracle has a secret ingredient hiding in plain sight: unbalanced growth
- Like the US, China’s economic dynamism rests on the imbalance between the runaway successes of its coastal provinces and the laggards along its northern rust belt. The crucial difference? Beijing redistributes the fruits of economic success
A view of Shenzhen from the observation deck of the Ping An Finance Centre on August 15. Shenzhen was one of the first special economic zones established in China in 1979, and has more than fulfilled its mission as a growth engine. Photo: Bloomberg