China: Beyond the Growth Figures – Dorothy Guerrero

From The Globalist (link):

China is now the world’s fourth-largest economy and many developing countries envy its record of economic progress. However, China’s phenomenal growth is producing a big misconception in that it is viewed as a big winner of globalization.

Three-hundred million Chinese are expected to migrate to the cities before 2020.

Although it is true that market reforms and China’s opening to the global economy gave millions of people there an increased standard of living, more Chinese people are suffering the consequences of its rapid transition to a market-based economy.

The majority of the Chinese people are not too concerned about when China will become the world’s largest economy. Rather, they are asking, “When will the benefits of China’s rise to superpower status start to affect our lives positively?”


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