2020
DOI: 10.1080/21598282.2020.1724014
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Socialist Factors in China’s Economic Miracle and Development Achievements

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“…The first policy limitation is the lack of attention to opening up in recent years. The so-called "economic miracle" of China in recent decades largely results from the incorporation of international economic activities [50], and naturally, the construction of a first-class business environment needs the embrace of the international market. Secondly, the restriction of government power and the establishment of a predictable, law-based government require not only policies from the government's perspective but also supervision from the market and citizens.…”
Section: Conclusion Limitations and Suggestions For Future Researchmentioning
confidence: 99%
“…The first policy limitation is the lack of attention to opening up in recent years. The so-called "economic miracle" of China in recent decades largely results from the incorporation of international economic activities [50], and naturally, the construction of a first-class business environment needs the embrace of the international market. Secondly, the restriction of government power and the establishment of a predictable, law-based government require not only policies from the government's perspective but also supervision from the market and citizens.…”
Section: Conclusion Limitations and Suggestions For Future Researchmentioning
confidence: 99%
“…The nature of the Chinese political economy represents a highly controversial issue across a variety of disciplines. The debate polarises between acknowledgements of the country’s unique path of “socialism with Chinese characteristics” (Cao 2020; Ding 2009; Ouyang 2001) and assessments of its state–market relations as a peculiar form of capitalism—from “state‐permeated capitalism” (ten Brink 2019) to “Sino‐capitalism” (McNally 2017) or “bureaucratic capitalism” (Au 2012), just to name a few. More nuanced assessments claim that China’s socialism, as a goal, should not be neglected—although it seems impaired by current developments (Peters 2014).…”
Section: Introductionmentioning
confidence: 99%