State and Private Economic Sectors Align

正A striking feature of China’s economic development is the breadth of social layers benefiting from it.At the bottom of the economic ladder,China has lifted over 600 million people from internationally defined poverty–accounting for the entire global fall in the number of those living in poverty.Taking middle incomes,while median U.S.wages have fallen in the last seven years,     

Why China’s Success Matters to Us All

AS heads of the G20 assembled in Los Cabos,Mexico,for their annual summit,it was clear that,four years into the international financial crisis,the policies adopted to deal with it by Europe and the U.S.are failing to do so.This is a statement of the obvious     

China＇s New Industrial Revolution

FOR the first time in over a century, following the international financial crisis, the U.S. has been displaced as the world＇s largest industrial producer - this position now being taken by China. This period also witnessed the greatest shift in the balance of global industrial production in such a short period in world economic history.     

Lessons on Railway Reorganization

CHINA has announced reorganization of its railways. For most people from the U.K. this news might evoke apprehensive shudders. Reorganization of Britain’s railways led to successive disasters.First the system was privatized, and a catastrophic series of fatal rail crashes followed.The railway track and other infrastructure were