China???s economy has been transformed from the inside out, and that transformation has occurred through bottom-up marginal revolutions rather than centrally planned initiatives.

Experts on the subject clashed over the liberalization of the Chinese economy during a book forum at the Cato Institute on Oct. 15. Ning Wang, assistant professor of global studies at Arizona State University and co-author of How China Became Communist, said, “It’s fair to say that no one has foreseen that socialized modernization of … Continue reading China’s capitalist revolution