China's Authoritarian Capitalism
China’s phenomenal rise has led many to view the country as an indomitable juggernaut. Why then does Premier Wen Jiabao describe the country’s economic model as “unstable, unbalanced, uncoordinated and unsustainable?”
Because it is.
The much-vaunted China Model has morphed in the past decade into a one-of-a-kind system of authoritarian capitalism that is …
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