The Economy of China

What would China's revolutionary leader, Mao Zedong, think if he were alive today? Mao's Chinese Communist Party continues to hold a monopoly on political power, and at its core China remains a developing nation. But in many respects, today's China bears little resemblance to the country that emerged under Mao's leadership after 1949. Most important, today's People's Republic of China is Communist in name only. Rapid economic liberalization has brought capitalism, and unprecedented prosperi...