The tenets of neo-liberal economics are right in preferring the market to the government in allocating resources. This principle also reminds us that an economy cannot expect fast and sustainable growth based on government control. This is borne out not only by what happened in the former Soviet Union, but in China as well until 36 years ago.
What they lack in resources, they make up for with the will to succeed.
News reports about East China are normally about the region's strong manufacturing base and international business links, or because it has driven the country's economic development for three decades. Beauty and serenity are words rarely used to describe the region, but just 100 kilometers from Shanghai, one of China's busiest cities, sits the tranquility of Jiaxing water town, a prefecture-level city in northern Zhejiang province.
In Ken Liu's Hugo Award-winning short story The Paper Menagerie, a Chinese mail-order bride literally blows life into tiny paper animals folded for her American son. The story, which also won a Nebula Award in 2011, puts Liu in exclusive company with Harlan Ellison and only a few other prestigious science fiction authors who have won both awards.
Rana Mitter wants to make Oxford one of the major centers of learning about China in the world.
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