Zhang Jun — China Deserves Its Economical Success

In 1995, the belatedly economist Gustav Ranis wrote that, “If in that place is 1 primal to developmental success, it is avoiding the encrustation of ideas,” which is achieved through policymakers' “ever-increasing reliance on the responsiveness of large numbers of dispersed decision-makers.” That description suits mainland People's Republic of China perfectly.

Agility.

Project Syndicate
China Deserves its Economic Success

Zhang Jun | Dean of the School of Economics at Fudan University together with Director of the mainland People's Republic of China Center for Economic Studies, a Shanghai-based think-tank