Chinese households... make decisions on a collective... basis... a rich network of intergenerational relationships and duties... often... above... . - Keyu Jin

[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.

A wise state needs to know when to recede... loosen its control and let the economy ride its... ebbs and flows. It needs to guide with a lighter hand... and greater skill, especially in this... era of knowledge and information.

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