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14min chapter
What can we learn from China?
Debunking Economics - the podcast
China's Transition to a Capitalist Economy
This chapter explores China's successful transition from a socialist to a capitalist economy, contrasting it with Russia's experience. It discusses the shift from heavy to light industry, the role of the Shenzhen Free Trade Zone, and the significant reduction in poverty rates.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode