China’s Successful Economic Model Eliminates Poverty

The article below by Helga Zepp LaRouche, founder of the Schiller Institute, provides a useful overview of China’s successful economic model. However, Chinese leaders have repeatedly pointed out that they are not asking other nations to adopt this model for their emerging economies.

“Rather than seeing the rise of China as a threat, we in the West should acknowledge the enormous benefits for mankind flowing from the unprecedented economic miracle that China has achieved in the past 40 years. Unfortunately, most people in the United States and Europe know very little about China and its 5,000-year-old culture, which makes it relatively easy for the geo-politically motivated mainstream media and exponents of the anti-China lobby to paint a completely distorted picture of the country.

“In fact, China has opened a new, totally inspiring chapter of universal history, by setting an irrefutable example, for all other developing countries, of a way to overcome poverty in a relatively short period of time and achieve a good standard of living for a growing segment of its population. Over the past 40 years, China has implemented the most massive anti-poverty program in human history, lifting 850 million of its own citizens out of poverty, and contributing 70% of the total global poverty alleviation efforts. Its average economic growth from 1978 to 2018 was an impressive 9.5% per year, and even the decline this year to only 6% growth, due to various factors, still represents a level that European nations and the United States can only dream of.”