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China is politically centralised and economically decentralised, and the belief that a handful of people run its economy is the West's biggest misconception about it.
Drawn from what Keyu Jin said
SubjectChina
What Keyu Jin actually said
- Keyu Jin Economist specialising in China's economy
The biggest misunderstanding is somehow that a group of people or even just one person runs the entire Chinese economy. It is far from the reality. It is a very complex, large economy, and even if there is an extreme form of political centralization, the economy is totally decentralized.
Added to korrents 7 Sept 2026 · How quotes work · Something wrong? Tell us
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