Economics
China Built a Global Economy in 40 Years. Now It Has a New Plan
- China’s leader is ending reform path, says Gavekal’s Kroeber
- Nation will avoid middle-income trap - Nobel laureate Spence
Fred Hu will never forget the terror in his science teacher’s eyes when the man was dragged away to a Chinese jail during Mao Zedong’s Cultural Revolution. Then a 12-year-old peeping into the classroom, his dream of escaping rural poverty to become a journalist or teacher seemed hopeless.
Two years later, his hope was rekindled when incoming leader Deng Xiaoping restarted university entrance examinations in late 1977, allowing all students to compete for a college place.