Nightwork in Chengdu: China’s Capitalism
Kenneth Pomeranz, 18 February 2016
The reasons for China’s economic boom remain disputed. Chinese economic policy has changed repeatedly while high growth rates have continued. Commentators are clearer on what hasn’t happened than on what has: there has been only limited privatisation (as there was in 1990s Russia), no full embrace of factor markets (land can’t be privately owned; labour mobility is...
