Yuan Weishi China's economic success

 Yuan Weishi famous historian

China's peaceful rise is not a Chinese invention, but the times dictates. Any society must transition to a modern society, this is an irreversible historical process, which is in the past 10 years, China should be happy to do. China is not particularly unique. China's rise is entirely the result of receiving a market economy. Economic freedom, social stability, which is after the modern, the lowest of any country's economic take-off conditions.

horizontal comparison, Japan has also experienced rapid development, becoming an international high-profile models. At that time it has lifetime employment system, the market is not fully open, government intervention in economic decision-making businesses and so on. Some people brag about the Japanese model vigorously. Later, The development of these countries or regions, there is social stability and the rule of adding the product of a market economy, many so-called features are then the burden must be reformed.

China's development is on the land in the vast modern. There are several key factors that drive economic development: First, export-oriented export-led strategy, which is continuous development, but also created a huge market. Driven by two major lever of economic development seems to be a miracle, in fact, is to learn from the experiences of others, but also history of old debts.

Some people say But the mixed ownership is not invented in China. Britain has long been both capitalism and socialism have both the private economy, there are state-owned economy. However, the inherent inefficiency of state-owned enterprises drag the UK economy, if there is no Margaret Thatcher, a radical market reform, the United Kingdom can not be out of the woods.

only special is Singapore. However, only three or four million people, Singapore is a city-state, another rule of law, supervision of state-owned companies more easily. Other large countries it is difficult to replicate the model.

any market economic system, if the fuzzy property rights, costly. Singapore's property rights are clear, the Chinese just eat a big hardship in this regard. As for private property rights have been infringed, is an important factor of instability.

Government intervention in the economy, just too expensive for China's economic reforms, an important factor in the cost is too high.

my economic development in the next 10 years is optimistic, if not make big mistakes, the economy will still be relatively rapid development. However, three issues deserve serious attention: First, the private economy can truly become the main body of the national economy? In addition to the legal ban is not really outside, all industries can access? In all aspects of lending and economic activity, is not really enjoy the equal national rights? This is about whether the implementation of economic freedom and economic restructuring have solid institutional basis. Second, the availability of effective protection of property rights? Demolition of violence, collusion, the root causes of judicial corruption are related to the neck. Third is to the country's social security system, such as medical, pension, compulsory education, the low-income housing security are properly resolved, most people can share the fruits of economic development.