https://www.scmp.com/rss/322372/feed en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com China is already the world’s second-largest economy. Though it is slowing, GDP growth over the past three decades has outpaced that of South Korea, Japan or Taiwan at their prime. In fact, some analysts believe per capita income in China today, relative to developed-world levels, is equal to where South Korea was, economically, relative to the US in the mid-1990s. So the figures speak for themselves – but repeated stimulus packages also mean corporations and local governments in China have... https://www.scmp.com/comment/insight-opinion/article/1929908/beijing-tycoon-class-can-never-rise-above-party?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/article/1929908/beijing-tycoon-class-can-never-rise-above-party?utm_source=rss_feed Fri, 25 Mar 2016 04:07:42 +0000