No More Rise of China?
... autocracy”. However, a slowdown in 2012-2014 shattered this myth, and here is the explanation. The rapid growth was ensured by simple and extensive solutions, such as legalizing entrepreneurial freedom, recruiting vast human resources, establishing market economy and stimulating export. However, the moment came when internal resources were depleted, and market demand for new goods and services was exhausted. Extensive methods stopped working. According to Youwei (2014: 2), China faced a necessity for ...
- Опубликовано:
- 28.05.2015 06:11:00