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he Butterfly Effect in China’s Economic Growth

Wei-Bin Zhang

The Butterfly Effect in China’s Economic Growth From Socialist Penury Towards Marx’s Progressive Capitalism

Wei-Bin Zhang Ritsumeikan Asia Pacific University Beppu-Shi, Japan

ISBN 978-981-15-9888-3 ISBN 978-981-15-9889-0 (eBook) https://doi.org/10.1007/978-981-15-9889-0 © The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd. 2021 This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, expressed or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. This Palgrave Macmillan imprint is published by the registered company Springer Nature Singapore Pte Ltd. The registered company address is: 152 Beach Road, #21-01/04 Gateway East, Singapore 189721, Singapore

Our greatest glory is not in never falling, but in rising every time we fall. Confucius (551–479 BC) When things thus find the proper point to which to come, they are sure to become great. The Yi Jing It seems to never occur to fools that merit and good fortune are closely united. J. W. von Goethe (1749–1832) In a game of mutual deception an Englishman or an American can beat a Chinese nine times out of ten. Bertrand Russell (1922: 210) Fool me once, shame on you; fool me twice, shame on me. Chinese Proverb It is easy to hate and it is difficult to love. This is how the whole scheme of things works. All good things are difficult to achieve; and bad things are very easy to get. Confucius (551 BC–479 BC)

When cleverness and knowledge arise, great lies will flourish. When relatives fall out with one another there will be filial duty and love. When states are in confusion there will be faithful servants. Laozi (6th–4th BC?)

Preface And Acknowledgments

My aim in writing this book is to reflect on China’s economic growth from 1978 till 2018. I have never stopped thinking about the issues about China’s modern history even a few days once