China's Economic Transformation: Myths and Realities

This chapter explores China's pivotal role in the global economy, addressing misconceptions held by Western investors and highlighting advancements in public infrastructure and education. It traces the historical shifts in China's economic policies, particularly the liberalization efforts initiated by Deng Xiaoping, that transitioned the nation into a major global player. The discussion also examines the challenges of balancing economic freedom with political control, particularly in the context of capital liberalization and its impact on growth.