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Can a Nation Plunder Its Way to Wealth (with Noah Smith)

EconTalk

China's Economic Growth and Leadership. Xi is bad, Deng was great.

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The transformation of people from non-market activity to economic activity in cities led to an overstatement of the size of the change. China's economy is not exactly a market economy and still has a lot of top-down control. Liberalization and privatization were the main drivers of China's growth in the 80s, 90s, and 2000s. Xi Jinping's reversal of these policies is predicted to have negative effects due to his lack of competence. His focus on internal domination rather than helping the people is criticized, with Belt and Road, crackdowns on IT companies, and real estate policies being referred to as flops and disasters. It is suggested that China's strength was built by Deng Xiaoping and his successors, who created the fundamental strengths of the system, whereas Xi Jinping has been eroding these strengths.

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