Keyu Jin

The same approach applied to... acquire technology. In its rush to modernize... substandard products, copying and counterfeiting, and investments... with little... efficiency and consequence.

Reforming the system... would allow the flow of talent across regions... improve... allocation of labor... [and] reduce regional disparities.

The apparatus... effective in mobilizing... technology like electric vehicles and clean energy has... produced excess... steel and s... to flood... markets...

There is a growing consciousness... what is economically efficient may not be socially desirable... economic success does not... guarantee a nation’s... ... China will strive to move beyond socialism['s] shortages and capitalism['s] inequality.

Western economies... “nudging” s to do the ly optimal thing... have difficulty succeeding. In China... changes can be enacted quickly, with little political opposition.

Only by fully grasping the new China model... can we... appreciate how different it is from pure capitalism or socialism.

The rule of law, sound corporate governance, and intellectual property protection... have been weak... Yet... China... succeeded.

[T]he backward homeland of my childhood has become the world’s second-largest economy... massive new cities... astonishing technological wonders. Yet... the world is... asking the same questions... comparing China to former Communist... autocratic... repressive regimes.

China’s political centralization is paired with economic decentralization. ...The "mayors" are... equity stakeholders of their jurisdiction. ...[M]arriage of local Officials and ...entrepreneurs is how China reformed, industrialized, urbanized, and ...innovates.

[I]n China, innovation and have been defining features... despite socialist characteristics... It has found a way to combine private and state forces...

[F]or those who think that China’s all-powerful political party and numerous s (SOEs) point to a state-dominated economy, consider... [T]he ... accounts for... 60 percent of national output, 70 percent of the nation’s wealth, and 80 percent of urban employment. Thirty years ago, it was the other way around.

In China, the confluence of consumers, enterprises, and... state (which exerts significant power...) ...[is] a hybrid... of... market and "mayor" economies... [T]he Chinese state... has... more tools and instruments... mandates and objectives to mobilize collective action in service of... goals. ...[I]t can ...impose mandates and ...punishment.