The Memo by Howard Marks cover image

The Winds of Change

The Memo by Howard Marks

CHAPTER

Will China Become the World's Biggest Economy?

The question i find most interesting is how china manages central control of the economy and private enterprise, while both pursuing economic efficiency. This has puzzled me throughout the 15 years i've been going there. Tackling all of them simultaneously has to be seen as a daunting task. But no one can prove they will pull it off, or that they won't. The best we can have on questions like this is a hunch. I believe everyone in a position of power has taken note of the economic miracle that followed the elimination of maoism"

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