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In the following paragraphs I will critique and discuss China’s economic progress and how it has the potential to send a ripple effect throughout the world should it drastically slow down or collapse completely.
Taking a broad view at China’s booming economy, things have been going really well for this communist state. Even dating back to 1978, the “evolutionary, experimental, and incremental nature of China's reforms” (Sachs 1) have become proven successes that have lead to its stellar economic performance in the past 30 years. More specifically in agriculture their land is not owned by the farmers, the rural communities that own township and village enterprises and state owned enterprises have resulted in a natural competition rather than a push towards privatization...
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