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The Political Economy of China
Mark Whitaker: Is it fair to say that China has moved in an autocratic direction and that is a problem for economic growth? He says the economy was on the brink of failure after the cultural revolution ended with Mao's death. But under Deng Xiaoping they moved to a more market-based opening up of the economy, he says. Whitaker: And Xi Jinping has asserted power in all major aspects of economic decision making.