In the concluding speech at the close of the 2008 Chicago Conference on China’s Market Transformation on July 18th, 2008, Ronald Coase pronounced that “the struggle of China is the struggle for the world.”1 On December 10th, 2008, Time magazine published a commentary on China’s three decades of market transformation and the heroic role played by Deng Xiaoping in this remarkable human drama. The article ended by stating “That is the great story of our time. It is our story, everyone’s story — not just China’s.”2
KeywordsChinese Government Chinese Communist Party Chinese Economy State Enterprise Moral Sentiment
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