China’s state-owned billionaires
Sep. 22 (Washington Times/by John Lee): A rarely noted fact is that 80 percent of the poverty reduction took place during the first 10 years of reform from 1979 to 1989 – before the rise of the Chinese corporate state model.
Since the rise of the corporate state, China has gone from being the most equal society in all of Asia to the least by distribution of wealth.
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Note: The writer is an adjunct associate professor at the Center for International Security Studies at the University of Sydney in Australia and a scholar at the Hudson Institute