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Capitalism with Chinese Characteristics

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Capitalism with Chinese Characteristics

Author

Yasheng Huang (Massachusetts Institute Of Technology)

Presents a story of two Chinas - an entrepreneurial rural China and a state-controlled urban China. In the 1980s, rural China gained the upper hand. In the 1990s, urban China triumphed. In the 1990s, the Chinese state reversed many of its rural experiments, with long-lasting damage to the economy and society.
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