Published: January 6, 2010
Most people probably assume that the reason for China’s enormous economic growth rates is simply size: anything powered by 1.2B people is bound to make a big splash. But India, with the self-proclaimed “oldest democracy in the world,” is about to exceed China’s population.
What makes China so different?
Westerners remember China’s turn toward “socialist market economics” under Deng Xiaoping (Teng Hsiao-ping). Deng was a political adept who outmaneuvered Mao’s hand-picked successor, Hua Guofeng, and often ruled without a specific single title of power. (See our “Takeout Window” for more biographical data.)