"So far, the world economy, particularly Australia and the United States, have benefited greatly from Chinese economic growth. This is likely to continue to be the case for some time... There is no real alternative to the United States as the global leader. China doesn't want the role. It would only divert its focus from its own development challenges. And to be frank, China would not be trusted by many countries, particularly in the , to be the global leader... Authoritarian state capitalism, seen today in China and Russia. While both countries have introduced elements of a market economy, private companies there operate side-by-side and at a significant disadvantage to state owned entities favored by government regulators. This mixed economy is not paralleled on the political side. What is emerging is an increasingly authoritarian political system with decreasing space for civil society, free media, and dissent. This model is attractive to authoritarian leaders around the world who see it as way to maintain power while still growing their economies."
Quote Details
Added by wikiquote-import-bot
Unverified quote
0 likes
Original Language: English
Available Languages (1)
Sources
Stephen Hadley, "America's Role In The World" (30 October 2014), Lowy Institute.
https://en.wikiquote.org/wiki/Economy_of_China
Revision History
No revisions have been submitted for this quote.
Categories
Economy of China
22 quotes on TrueQuotesView all quotes by Economy of China →
Related Quotes
"Chinese economic growth today also has several commonalities with both the Soviet and South Korean experiences. While…"
"[suspended by authorities due to] a change in the regulatory environment on financial technology"
"Regarding the Africa’s Business Heroes competition, Mr. Ma had to miss the finale due to a schedule conflict"
"[Ma is] lying low for the time being"
"After the Japanese withdrew, the combination of the communists’ proven nationalist fervor and their program for wealt…"
"The financial fallout would be far reaching. Evergrande reportedly owes money to around 171 domestic banks and 121 ot…"
"The problem is that you don’t restructure the world without restructuring the Chinese economy and you can’t restructu…"
"[Chinese development has its roots in the 1949 Chinese Revolution, carried out by the Chinese Communist Party headed …"
"The problem for China is political. China is held together by money, not ideology. When there is an economic downturn…"
"The economic reforms and related government policies unleashed spectacular economic growth. As China’s economy rapidl…"