June 24, 2024

In U.S. Big Ideas Prompt Big “No!” In China, It’s The Opposite

In an era of economic turmoil that has produced massive unemployment, accelerated industrial decline, and sowed fear and doubt across much of North America and Europe, China last week offered a much different lesson on growth and development. In the latest draft of its new 12th Five-Year Plan to manage the world’s fastest growing industrial economy, China’s leadership called for restraining the runaway growth that is raising the incomes of more than 400 million people, …

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