Remember how it used to be said that Communist societies lacked creative innovation and only capitalist societies were capable of that? Well, the “state control” of the economy has resulted in a 5.2% increase in China’s GDP in 2023.
This is greater than the growth rate in the Americas, Europe and Japan combined. Major areas include electric vehicles, solar panels and lithium batteries, Notice there is not growth in the war industry or finance capital. In fact, the only sluggish area was in real estate.
Read in Global Times