While China achieved strong economic growth in the post-Mao years by allowing free markets to work, the Communist leadership wants to return the economy to its old socialist ways. However, while the government can give fake growth numbers, it cannot reverse socialist failures.
Antonio Graceffo
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Antonio Graceffo, Ph.D., has spent more than 20 years in Asia. He earned a PhD. at Shanghai University of Sport, holds a China-MBA from Shanghai Jiaotong University, and studied national defense at American Military University. Graceffo works as an economics professor and China economic analyst, writing for various international media. Some of his books on China include "Beyond the Belt and Road: China’s Global Economic Expansion" and "A Short Course on the Chinese Economy."
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In March, at the National People’s Congress, Beijing set its annual gross domestic product (GDP) growth target. Since 1985, in every year but one, China has met or exceeded its official projections...
China's so-called economic miracle is running into the ground as the reality of central planning becomes increasingly obvious and an economic reckoning looms.
