US-based academic Yuen Yuen Ang said that allowing economic innovation to thrive was the secret of China’s success. Photo: Reuters

Why China’s ‘McDonald’s model’ of development could help poor countries – but Beijing may be drawing the wrong conclusions

Author of How China Escaped the Poverty Trap argues that the country’s success was mainly down to letting innovation flourish at a local level rather than relying on top-down diktats from Beijing

Topic |   Poverty in China

TOP PICKS

US-based academic Yuen Yuen Ang said that allowing economic innovation to thrive was the secret of China’s success. Photo: Reuters
READ FULL ARTICLE