Has China Peaked?
Foreign Policy Live
00:00
The State's Role in China's Economic Progress
In many ways, China still embraces very much that globalization and Xi Jinping himself as well. In an economy driven by innovation and sustainable growth, it has to be the market that does more of the work. 70% of the wealth belonged to the state less than 40 years ago. By 2015, 70 per cent of the wealth is accrued to the private sector.
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