This article examines five surprising and historically contingent coincidences, pertaining separately to land, capital, labor, entrepreneurship, and technological innovation, whose concurrence and confluence go a long way toward explaining China's remarkable record of development in the past thirty-five years. They also reveal the roots of the problems that have accompanied that development: gross social inequality, a persistent and oppressive bureaucracy, and a drastic environmental crisis.
KeywordsChinese Communist party-state, land financing, drawing in businesses and investments, cheap labor, communist entrepreneurship, globalized technology transferHow and why has the Chinese economy developed so rapidly, at 9% plus per year for 35 years? China's leaders themselves characterize their approach as "feeling for stones while crossing the river," which means that there has been no fixed plan or path, and that much has happened by incremental choice and