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From lifting 800 million people out of poverty to leading in AI and high-speed rail, China's development journey is rewriting economic playbooks . Michele Geraci, former Italian undersecretary of state, calls it a 'unique example' of market-state balance — letting innovation thrive while stepping in strategically during crises. 'China isn’t collapsing; it’s evolving,' he argues, dismissing decades-old doomsday predictions.
Why the World Should Take Notes
Geraci highlights China’s 'socialism with Chinese characteristics' as a flexible framework tailored to its needs. While not a one-size-fits-all model, he says developing nations could adapt its focus on infrastructure, urbanization, and tech — key drivers that transformed China in just 30 years . For African and Asian countries, this 'localized' approach might unlock growth without copying Beijing’s blueprint.
Beyond the Western Lens
Western analysts often miss half the story, Geraci claims: 'They see challenges but ignore China’s solutions.' From weathering the 2008 crisis to tackling modern tech wars, Beijing’s mix of state agility and market dynamism keeps surprising critics. Italy and others, he says, can learn from this balance — even if they don’t hit 'Ctrl+C.'
As global tensions rise, Geraci’s message is clear: China’s growth isn’t a threat — it’s a shared opportunity. Whether you’re a startup founder in Nairobi or a policy wonk in Brussels, there’s wisdom in understanding this economic powerhouse.
. Michele Geraci, former Italian undersecretary of state, calls it a 'unique example' of market-state balance — letting innovation thrive while stepping in strategically during crises. 'China isn’t collapsing; it’s evolving,' he argues, dismissing decades-old doomsday predictions.
. For African and Asian countries, this 'localized' approach might unlock growth without copying Beijing’s blueprint.
Whether you’re a startup founder in Nairobi or a policy wonk in Brussels, there’s wisdom in understanding this economic powerhouse.
