The Chinese Communist Party's economic record is historically mixed. To be sure, its greatest strength is mobilizing resources to invest in public goods. And China has made great strides economically and socially in recent decades. But historical blunders show that the CCP's interventions can also have disastrous consequences.
By Redaktion Table
Alarmed by new data showing that its fertility rate is now similar to that of aging Japan, China has announced that it will permit families to have up to three children. Yet without broader reforms to address high costs of living and rural-urban divides, the new policy could make a difficult problem worse.
By Redaktion Table
Many economists care more about China’s per capita GDP, or income per person, than the aggregate measure. The key takeaway is that China remains a poor country, despite its phenomenal headline economic growth over the past four decades.
By Redaktion Table
