Question

The chinese model for economic development is appreciated by many scholars and policy makers. what two arguments can you put forward to support the chinese model. please explain in detail.

Answer 1

The China Wave by Zhang Weiwei offers a vigorous summary of the China model theory.

Zhang defines China as a rising civilizational state and argues that as such it should not accept the Western political model, otherwise it will lose its advantages and risks disintegration. Unlike the politically diffuse civilizations of Europe, the Middle East, and the Indian subcontinent, China has managed to establish political unity over most of its territory. The China model differs from traditional socialism mainly in its use of a market system in the economy. It also differs in its commitment to democracy “with Chinese characteristics” and to a new model of party leadership.

Zhang considers that China’s reform performs much better than the reform efforts in many other countries that have tried to emulate the Western ways. It will find its own political path and win praise from the entire world. Zhang stresses that the Chinese supporters of the Western model should “emancipate their minds” and set themselves free from the numb Western discourse

01. State-Led Development Model

Economically, China has shocked the world. The Chinese economy has done remarkably well over the last three decades, consistently ranking among the fastest-growing in the world. It has attracted significant amount of foreign direct investment, and has become the largest trading country. Such remarkable successes were attributable to the model of the developmental state.

The Chinese reform since 1978 ranks as one of the most extraordinary episodes of social and economic transformation in history: industrialization, marketization, urbanization, and globalization all occurring at the same time. To be sure that state still plays a major to stimulate economic growth. In the aftermath of the global financial meltdown, Beijing has used active state-initiated programs to promote growth and ameliorate or remove the injustices inflicted by the unbridled market.

A recent study found that China’s stunning growth rates have corresponded with the rise of “state capitalism”.

China does not have a competitive political party system and it does seek to strategically regulate certain sectors of the economy in order to create national champions

02.Development as the Top Priority

For many in China, electoral democracy just is not suitable for all nations, and those developing countries including China needed stability and economic development before they could afford the luxuries of liberal democracy and personal liberty in a Western mold. That argument is gaining traction in China. After the Tiananmen protest in 1989, many pundits predicted that China will soon collapse. Since the mid-70s the wave of democratization swept the world, a large number of authoritarian regimes have collapsed. In the late 1980s and 1990s, the whole socialist camp in Eastern Europe and the Soviet Union collapsed. In this global context, China’s experience is very much a “miracle”. As Deng Xiaoping said, economic development is the priority

In post-Mao China, priority was changed from political campaigns to economic development. China’s economy maintains steady growth and the regime as a whole continues to enjoy some level of acceptance. With the strong economy, the regime as a whole continues to enjoy high level of acceptance. In the aftermath of the global financial crisis in 2008, the China model is even acquiring normative and policy significance as it has been used to challenge the intellectual pillars of the “Washington Consensus”. Xi Jinping, China’s party chief, sees no contradiction in prosecuting deeper market reforms to achieve his national objectives, while implementing new restrictions on individual political freedom. In fact, he sees this as the essence of “the China model” in contrast to the liberal democratic capitalism of the West which he describes as totally unsuited to China