rayloke2009blogspot: China’s economic performance: The paramountest leader | The Economist

Sunday, November 18, 2012

China’s economic performance: The paramountest leader | The Economist

China’s economic performance: The paramountest leader | The Economist

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RAYLOKENovember 18, 2012 at 6:30 AM
The records of three leaders compared

Nov 17th 2012 | Hong Kong | from the print edition

..

THIS week Hu Jintao, China’s president, stepped down as leader of the country’s Communist Party. His economic record would be the envy of most leaders elsewhere in the world, but how does it compare with that of his predecessors? He inherited an economy that had grown by 9.6% a year on average during Jiang Zemin’s time in office and almost as quickly during Deng Xiaoping’s years in charge. Rather than try to match that pace of expansion, Mr Hu promised a more balanced path of development in pursuit of a more “harmonious” society.

As it turned out, growth was even faster under Mr Hu, at 10.7%, than it had been under his predecessors. Growth has slowed to less than 8% this year. But that is still fast enough to meet Mr Hu’s target, announced this month, of doubling income per person from 2010 to 2020.
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