China's economy has made steady progress since the beginning of 2024. So why can China still maintain its strong economic growth? And what can be learned? In this regard, China News Network talked with Doug Guthrie, Director of China Initiatives at Thunderbird School of Global Management. Guthrie noted that China's economy is much better organized than most capitalist market economies around the world right now.
The Chinese government is an extremely decentralized and entrepreneurial system of district and township governments. When global economic headwinds crest their horizon, China has the buttons to push to meet projected rates of growth.
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