Baocheng Liu and Hilton L. Root: Is China’s Free Market Experiment Really Over?

China intends to stay in the exclusive club of globally integrated economies, but what will happen when it tries to remake the rules?

In the wake of the Chinese Communist Party’s (CCP) twentieth annual Party Congress, which in mid-October secured a third term for Chairman Xi Jinping, Western policy wonks declared that the CCP would revert to the ideology it held under Mao Tse-tung and return to Marxism. Yet, there haven’t been signs in recent years of “decoupling” or even of ideological or structural shifts in the economy. Instead, we’re witnessing another stage in the evolution of China’s role in globalization under Xi’s proclamation of a “new journey”, writes Liu and Root.

 

Read the full article from The National Interest

Published Jan. 18, 2023 10:49 AM - Last modified Mar. 10, 2023 1:18 PM