Communist China's Economic Growth in Perspective.

The article focuses on communist China's economic growth. The purpose of this article is to throw light on communist China's asserted economic growth by comparing it with that of the Republic of China, Hong Kong, and Japan. This is not to minimize in any way the Indian development, which has been rapid during the Nineteen Fifties and which has given very encouraging evidence to Asia of what can be accomplished with free institutions. It is merely an attempt to put Communist China's claimed economic progress back into focus. It should be emphasized that this article does not intend to analyze how effective the Chinese communists have been in improving their military potential even though this appears to be a primary aim of their economic policy. Instead this report intends to outline an approach for analyzing the relative effectiveness of the Chinese communist system in promoting economic growth; it is this latter question that appears to be most hotly debated. It appears that many analysts are convinced that just because a regime can hold down consumption, theoretically it should, therefore, be promoting a large volume of sound investment and a huge growth potential.