An old house in Xiaogang village in Anhui province with portraits of Marx, Engels, Lenin, Stalin and Mao on the wall. In 1978, a group of Xiaogang villagers decided to entrust publicly owned farmlands to individual households, marking the start of China’s economic reforms. Photo: Reuters

Book review: The China Boom captures the zeitgeist in asking what China should do next

Hung presents an orthodox Marxian analysis of China’s decades of economic advance and of its current predicament, although his advocacy of consumer-led growth may not be the panacea for the mainland’s problems that he believes

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An old house in Xiaogang village in Anhui province with portraits of Marx, Engels, Lenin, Stalin and Mao on the wall. In 1978, a group of Xiaogang villagers decided to entrust publicly owned farmlands to individual households, marking the start of China’s economic reforms. Photo: Reuters
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