A high-stakes bet on self-reliance that won’t fix an unbalanced economy
- Written by Shaoyu Yuan, Adjunct Professor, New York University; Rutgers University
Every few years since 1953, the Chinese government has unveiled a new master strategy for its economy: the all-important five-year plan.
For the most part, these blueprints have been geared at spurring growth and unity as the nation transformed from a rural, agrarian economy to an urbanized, developed powerhouse.
The task that faced China’s...
