How did China do it? When The New York Times set out to take a big-picture look at China, the what was obvious enough: Across the Pacific Ocean from the United States lies the world’s newest superpower, a rival to American interests both economic and political.
The how was another matter. How did the land once commonly — and with some disdain — known in the West as Communist China come to lead the world in the number of homeowners, internet users, college graduates and, by some counts, billionaires? How did a once-cloistered nation with a flailing economy drive extreme poverty down to less than 1 percent? How did it achieve social economic mobility unrivaled by much of the world?And perhaps most of all, how did a country that rejected all of the conventional wisdom Western economists had to offer arrive at a moment when it is on track to surpass the American economy and become the world’s largest?
The how was another matter. How did the land once commonly — and with some disdain — known in the West as Communist China come to lead the world in the number of homeowners, internet users, college graduates and, by some counts, billionaires? How did a once-cloistered nation with a flailing economy drive extreme poverty down to less than 1 percent? How did it achieve social economic mobility unrivaled by much of the world?And perhaps most of all, how did a country that rejected all of the conventional wisdom Western economists had to offer arrive at a moment when it is on track to surpass the American economy and become the world’s largest?
