Growth model

China’s decade of sweeping economic change

For the West, the year 2008 marked the beginning of a difficult period of crisis, recession, and uneven recovery. For China, 2008 was also an important turning point, but one followed by a decade of rapid progress that few could have foreseen.Of course, when the United States (US) investment bank Lehman Brothers collapsed, triggering a global financial crisis, China’s leaders were deeply worried.

3 April 2019