China’s market reform model – then and now
In her fascinating book “How China Escaped Shock Therapy” Isabella Weber painstakingly retraced the “dual price mechanism” that curated its journey into a market economy. China also avoided the “big bang” approach that destroyed other countries at that time.
We then discussed how China is likely to deal with the goals of “dual circulation” and “common prosperity” the country has set for itself today.
These conversations have been essential to building my own understanding of how policy making is formulated in China and then projecting them to its current challenges as they arise.
