After 1989, China tried to revitalize its state sector by privatizing smaller firms and building larger ones into national champions
China’s 1989 massacre of pro-democracy protesters in Beijing is remembered as a pivot point in the country’s political evolution. But the crackdown also prompted a historic shift in China’s economic reforms—one that would unleash three decades of explosive growth while laying the groundwork for many of China’s present-day troubles, including its escalating confrontation with the U.S.
The Tiananmen crackdown triggered an exodus from policy-making of a generation of young economists who, three years after Mao Zedong’s death...VIdeo: Rose Tang tells her story of hope, anger and regret
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