The following analysis of the Third Plenum of the CPC Central Committee, written by British Marxist economist Michael Roberts, counters the “China collapse” narrative that continues to pervade Western media coverage. Roberts observes that “Western media and economists argue for a ‘rebalancing’, by which they mean a switch to a consumer-led, private sector-led economy from … Continue reading China’s Third Plenum directed towards quality growth and improved living standards
What is economic success, what is value creation? Maybe, just maybe, it’s the approach that delivers the most tangible improvements in people’s lives, instead of trillion-dollar companies and billionaire CEOs.
Banger.