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The Bridge to China
How China became prosperous
Jul 24, 2024
Economist Professor Michael Dunford discusses China's journey from poverty to prosperity, focusing on strategies for sustainable growth. Topics include poverty reduction tactics, common prosperity initiatives, wealth disparity, economic development goals, and challenges in China's evolving economic landscape.
01:03:23
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Quick takeaways
- China focused on upgrading industries for continuous development without abandoning existing ones.
- Tibetan communities actively preserve their culture through religious practices and ancient manuscript libraries.
Deep dives
China's Economic Development Challenges and Strategies
China's economic development in the past centered around unskilled, low-technology industries according to a Macro-Economic Research Unit member in 2006. The strategy recommended was an upgrade akin to European and North American approaches to ensure continuous development without abandoning existing industries. China's focus on infrastructure, self-reliance, and innovative technologies aims to drive future economic growth amidst global challenges.
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Discover
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