Continuing the Climb to Moral High Ground
History proves that involvement in the global economy is essential to an economy's sustainable growth.
China has experienced three waves of globalization. During the first round, from 1870-1914, China's per capita income decreased from 24 percent of Britain's to 13 percent. Fortunately, by the end of the second round which started in 1960, we caught up. In the past 10 years, total economic output, exports, foreign exchange reserves and the poverty rate have improved remarkably.
- WeChat 'Glitch' Allows Family to Raise over 2 Million Yuan in 80 Minutes
- China's VAT Rebate Reform Aims to Boost Local Government Fiscal Strength
- Share Splits Raise Stock Market Suspicions
- China Faces Severe Coal Transport Capacity Shortage
- Audi Scraps Plans for New China Dealer Network
- Regions Found to Have 'Critical' Heavy Metal Emissions Now Clean Up Act
- Official PMI Spikes as Producer Prices Rise, Exports Surge
- China Adds 10% Consumption Tax for Superluxury Cars
- News Calendar, December 5-11
- Caixin's Manufacturing Indicator Dips to 50.9 in November
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