Suchergebnisse

The 2008 global financial crisis was a wake-up call for China's leadership about the potential limits of the free market system to achieve optimum development policy outcomes. The 30-year consensus among China's leadership has been that economic policy should primarily market-centric and efficiency-first. However, there is now a growing divergence of opinion among Chinese intellectuals on whether China should continue this fundamental course. There are two primary camps in the debate: pro-market and efficiency-first Rightists, who favor a continued emphasis on GDP growth, and the New Left camp, which places greater emphasis on building a social safety net and improving social equality. Adapted from the source document.