The 1998 Asian financial crisis made China a financial giant in Asia,whereas the 2008 global financial crisis made China a financial giant in the world." This comnent by C.H.Kwan,a senior fellow with the Nomura Institute of Capital Market Research,reflects the rise of China's international status.China maintained high growth in a difficult economic environment,which exceeded the expectations of the West.What was the secret to Chinas success?To find the answer,the focus must be directed at the relationship between the country's economy and its political mechanism,rather than on its economy alone.
展开▼
