An apparent contradiction, Chinese communism has thrived as a market economy situated the most populous country in the world as a rising superpower. But can it last?
Don’t say “communism” – say “socialism with Chinese characteristics”. That’s the official euphemism to describe China’s apparently contradictory social, political, and economic system: a one-party state with an all-powerful government which controls the judiciary and the National Assembly, and a thriving market economy where rapidly growing private and foreign businesses have to bear off-limits sectors where state-owned enterprises (SOE) benefit from monopoly or oligopoly structures.
It’s also a country where all land belongs to the state, and citizens pay for the right to use that land for 70 years. But, rampant speculation is blowing the property bubble bigger than ever seen before in China’s real estate market. The cocktail is being shaken up: Individualism and consumerism have given the boot to old-fashioned fraternity and collectivism.
“Getting rich is glorious,” Deng Xiaoping said when he decided to get rid of Mao’s most controversial and extreme interpretation of communism, implemented first with the Great Leap Forward (1958–60) and during the Cultural Revolution (1966–76). By 1979, an impoverished China opened its heavy doors to the world.
But not fully. It needed capital and know-how and foreign companies didn’t doubt that for a second: They entered in hordes to explore a cheap manufacturing base and to pioneer their business given the huge potential market for their products. In exchange, China got everything its leaders wanted: Protecting core sectors and enacting laws that required foreign companies to establish themselves in the country with joint ventures was a perfect means of achieving the transfer of technology.
هذه القصة مأخوذة من طبعة AG 04/2017 - 126 من ASIAN Geographic.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة AG 04/2017 - 126 من ASIAN Geographic.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Green Dreams
With its tea plantations and rice paddies, dense jungles and expansive forests, the region is well known as a green paradise. But many of the most impressive Asian landscapes have names you may never have heard of. Journey with us as we reveal just some of the incredible locations that make the rest of the world green with envy!
Life On The Edge
In the Chukotka Autonomous Okrug, in the remote northern Russian Far East, indigenous ethnic groups like the Chukchi and the Yupik live in the most extreme conditions, hunting seals in their traditional kayaks as they have for millennia
The Karakoram Anomaly Decoded
For decades, scientists have believed that glaciers in the Karakoram Range are defying the trend of those across the globe-resisting glacial melt due to human-induced global warming. But as we trek up the Karakoram's second-longest glacier in July, as the United Nations announces the world's hottest ever month on record, does the melting ice beneath our feet suggest the so-called Karakoram Anomaly is slowing? Or is there a ray of hope it will continue to delay the inevitable?
Green Water Revolution
Southeast Asia's Quest to Sustainable Wastewater Management in an Era of Climate Sensitivity
Green Philippines
The Philippine Archipelago may be synonymous with perfect beach holidays, but the Southeast Asian nation is also a great choice for your next ecotourism adventure
Why so Green?
From the Green Dome of the Prophet's Mosque in Medina to the fluorescent greens of flags and political campaigns, Islam has established itself as the world's \"green\" religion
Pilgrimage To Japan
The Land of the Rising Sun is as eclectic as it is fascinating, an exotic blend of ancient and modern. But two destinations in particular offer visitors an authentic taste of this unique nation: Wakayama, its spiritual centre, and Kyoto, its cultural heartland.
The Silk Road Through Uzbekistan
High-speed trains may ply some of this route today, but the historical, religious and cultural significance of the great cities of Samarkand, Bukhara and Khiva remains intact
10 Awe-Inspiring Reasons To Visit Sri Lanka
From eye-popping temples and tea estates to jaw-dropping national parks and natural wonders, the "teardrop island" has it all
Nepal: In The Shadow Of Giants
Sandwiched between China to the north and India to the south, Nepal receives influences from Asia's two major powers, but this unique land bordered by the greatest mountain range on Earth promises experiences offered nowhere else
