Learning from China
March 17, 2021
Modern China is in many ways a remarkable success: within a generation it has become a moderately high-income country from a low-income one. It has eliminated poverty, and expanded the capability of its citizens with decisiveness and skill.
China has also become the mightiest economy, in terms of purchasing power parity. Its children are top performers in mathematics, science and reading, and it produces the largest amount of scientific literature – all telltale signs of more future progress.
China’s hope of realizing ‘Zhongguo Meng’ (the Chinese dream) and overtaking the West in living standards no longer seems a distant one. Through investments in education and healthcare, it keeps enhancing living standards and labor productivity at faster rates than in any other country.