FINANCIAL TIMES - "What do you think is unique about the China model?" That was the question posed to me by a television reporter, last time I was in Beijing. My answer was that I don't think there was a specific Chinese economic model.
There is an East Asian development model of rapid, export-driven industrialisation that was pioneered by Japan, South Korea and Taiwan. What China did was to pursue the same model - at scale. I added that China's one real innovation was that the country had not liberalised politically as it had grown richer. This sets China apart from the South Koreans and Taiwanese.
We have been experiencing some problems with subscriber log-ins and apologise for the inconvenience caused. Until we resolve the issues, subscribers need not log in to access ST Digital articles. But a log-in is still required for our PDFs.