Zhang Jun — China Deserves its Economic Success

In 1995, the late economist Gustav Ranis wrote that, “If there is one key to developmental success, it is avoiding the encrustation of ideas,” which is achieved through policymakers' “ever-increasing reliance on the responsiveness of large numbers of dispersed decision-makers.” That description suits China perfectly.

Agility.

Project Syndicate
China Deserves its Economic Success

Zhang Jun | Dean of the School of Economics at Fudan University and Director of the China Center for Economic Studies, a Shanghai-based think-tank