(Interview by Hong Tong Wu)
The rise of China to the world’s second-largest economy surely is the most dramatic development in the global economy over the past twenty-five years. China’s economic development, a combination of market-led growth under a single-party government, poses serious challenges to conventional theories of capitalism. What did China learn from its history? Why is China’s model uncomparable to western capitalism? What historical events had lead to the development of China’s model? Listen to CRTV’s interview with Debin Ma, associate professor in economic history at London School of Economics and editor of the coming second volume of The Economic History of China.