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
Winston Mok
Opinion

Opinion

The View by Winston Mok

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

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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
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Illustration: Craig Stephens
Keyu Jin
Opinion

Opinion

Keyu Jin

China has two major tasks to become a modern world power: reach high-income status and develop the belt and road sustainably

  • China has much to celebrate, but also much work to do if it is to solidify its own development model as a viable alternative to Western-style liberal democracy
  • To avoid calamity, Western leaders must also be receptive to China’s efforts, and not fall into the trap of believing confrontation is inevitable

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Illustration: Craig Stephens
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