Development and
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View of the Lujiazui Financial District in Shanghai, China.

Development regime

China’s rise from a very poor to a higher-middle income country

Since the early 1980s, China has risen from a very poor, low-income country to a higher-middle income country which leads the world in terms of exports. That was neither brought about by Communist dogmatism nor by free-market orthodoxy, but by the regime’s pra...