Beijing Consensus


Beijing’s ongoing efforts to promote growth are infringing on people’s economic and political rights. In order to survive, the Chinese government will have to start allowing ordinary citizens to take part in the political process.

Yang Yao, “The End of the Beijing Consensus,” Foreign Affairs, February 2, 2010.

Since China began undertaking economic reforms in 1978, its economy has grown at a rate of nearly ten percent a year, and its per-capita GDP is now twelve times greater than it was three decades ago. Many analysts attribute the country’s economic success to its unconventional approach to economic policy — a combination of mixed ownership, basic property rights, and heavy government intervention. Time magazine’s former foreign editor, Joshua Cooper Ramo, has even given it a name: the Beijing consensus.