China’s share of global GDP has increased from 3.6% in 2000 to 17.8% in 2019 and will continue to grow, the CEBR said. It would pass the per capita threshold of $12,536 (£9,215) to become a high-income country by 2023.
absolutely insane
China’s share of global GDP has increased from 3.6% in 2000 to 17.8% in 2019 and will continue to grow, the CEBR said. It would pass the per capita threshold of $12,536 (£9,215) to become a high-income country by 2023.
absolutely insane
You're not getting my point. China is much closer to Keynesianism, Scandinavian-style social democracy than neoliberalism. Neoliberalism = USA, South Africa, Peru, Hong Kong etc. Keynesianism/socdem = Norway, Finland, Denmark etc. China is closer to the second group of nations than the first. Both Keynesians and Neoliberals would argue for privatization of the economy, but the extent of privatization is different. Keynesians call for the commanding heights of the economy to be controlled by the state, which is what China does. So it is quite categorically wrong to call China neoliberal. Like just ask any actual neoliberals if they think China is a neoliberal state.