Rising Wealth Is the Way to Fulfill China’s Revolution: View
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June 20 (Bloomberg) -- China’s rise as an economic powerpresents the world’s rich nations with a quandary: How shouldthey handle an authoritarian state intent on joining theirranks? In seeking a solution, it’s important to recognize that aprosperous China is in everyone’s best interests.
Ever since free-market democracy gained ascendancy, itspractitioners in the U.S. and elsewhere have worried that someother system might do better. In the last century, the SovietUnion’s command economy presented the main challenge. Now,China’s model of one-party rule, state-directed investment andlimited capitalism has taken its place.