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.
- In Tuesday's Papers: Economic Work Conference Starts in Capital, Officials Will Be Graded on More than Economy
- Industry Waits to See Whether China Mobile and Apple Will Finally Make a Deal
- Why the PBOC Took the Regulatory Lead on Bitcoins
- Closer Look: Lunar Rover Is One Small Step Forward for China's Space Program
- The Week in Photos: November 30 – December 6
- Without a Home
- An Interesting Ride in the Year of the Horse
- TCM Still Struggling to Find Cure for Its FDA Woes
- In Monday's Papers: Russian Ruble Can Be Freely Used in Border City, Central Bank Permits Interbank Trading of CDs
- Alibaba to Invest over HK$ 2.8 Billion in Haier Subsidiaries
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- Yi Gang: China's Forward-Thinking Forex Chief
- As U.S. Refuses a Dirty Fuel, China Only Too Ready to Increase Imports
- Coal Industry Finds Itself at a Crossroads
- Tough Timing
- Evergrande Partners with Harvard to Build Hospital in China
- Ruins of Urbanization
- In Friday's Papers: China, U.S. to Enhance Cooperation on Shale Gas; Wang Qishan 'May Only Serve Five Years'
- Closer Look: Visit by Cameron Focuses on Trade and Investment
- Yi Gang: China's Man for Market Logic
- Caixin Explains: New Rules for IPOs Let Market Forces Do the Talking