Economy

China Economic Growth Model: “When the wind of change blows, some build walls while others build windmills.” This classic proverb perhaps best encapsulates China and its evolving philosophy towards dealing with changing times. China of the late imperial era was a classic “wall-builder”, characterized by stubborn nationalistic pride and an oblivious sense of superiority that inevitably brought upon the Opium Wars and a century of humiliation. But ever a nation of the resilient of spirit, China’s traumatic era birthed a new understanding and stark 180 degree change in attitude that taught it to “build windmills” rather than resist the natural flow of times.  Indeed, since the enactment of the Opening-Up Policy in 1978, China has consistently adapted and embraced the changing global patterns to great effect, often even revolutionizing and dictating the trends of the future. It is therefore no surprise that Li Keqiang, China’s State Council Premier, chose to…