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.
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.