【Future,of,the,‘China,Model’】 of the China

  Advocates of the “China model” believe the country’s economic success owes to a powerful government tightly controlling the economy.But that model is not without flaws as problems of corruption and the urban-rural divide continue to stretch nerves of policymakers.Wu Jinglian, a renowned economist, discussed these issues in an article recently published in the Caijing magazine. Edited excerpts follow: