Re:The logic driving China’s big tech clampdown
by yorwba on Sunday August 01, 2021 @07:05PM
(#28031067)
Thank you for the nice quote. You seem to think it contradicts what I said, but I don't see it that way. The importance of foreign investment was exactly my point.
Maybe because I said that he "abondoned organizing the whole sphere of the economy"? But the economy is no longer 100% state-owned like it was in 1978, is it not? (I'm having trouble finding reliable figures, but I vaguely recall it being around 40% of GDP nowadays.) Of course GDP has grown 40x since then, so even just 40% of that represents 16x growth and Deng wasn't wrong about the socialist sector benefiting from foreign investment. It's just that the private sector grew even more.
I’m sure you know better though.