China's Lost Reformer  

Oleh:

[s.n]

Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 374 no. 8410 (Jan. 2005), page 11.
Topik: China; the Communists; economic growth; wealth; democracy

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Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.63 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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The last 15 years have seen the playing out of a grand bargain in China. In return for preserving their monopoly on political power, the Communists have been prepared to cede almost everything else. By giving free rein to private businessmen, China has achieved average annual economic growth in excess of 9%, enough to double incomes in eight years. Inefficient state-owned businesses are still greatly favoured, particularly by easier access to credit via the stockmarket or loans from state-owned banks. But never before in China has an aspiring entrepreneur found it so easy to become rich - and in few countries are there so few restrictions in his way. Foreign liberals might regret the lack of political idealism of China's young, but the average Beijing student is nowadays probably keener to set up his own company or find a job with Goldman Sachs than to go on hunger strike for democracy. However, it is not just wealth that has dulled the appetite for democracy. The Communist Party has also greatly extended personal freedoms in China.

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