The COVID-19 pandemic has done more than cause the Chinese economy to contract. It also raised the real possibility of China decoupling economically from other parts of the world and dealt a blow to the China model of development. But…
This essay is a reflection of what I wrote five years ago on the Decisions of the 11th Party Congress’ 3rd Plenum of China’s Communist Party in 2013 (Liu, 2014). In the original essay, I pointed out that the dominant role played…
One issue that stands out in the Decision concerns the relationship between market forces and the power of government in the Chinese economy. In previous government statements or reports, the market was expected to play a fundamental role; while in…