Monday, February 21, 2011

Corruption is a systemic threat

The world is right to admire China’s en­ormous economic progress. Within half a generation, the middle kingdom has mo­ved from an impoverished nation to the second most powerful economy in the world. The key to this astounding pr­ogress lies with the economic reforms of China’s leader De­ng Xiaoping. Deng knew that the ideological fervour, which had been the hallmark of Mao Zedong’s regime, had destroyed his co­untry and that only a determined change towards pragmatism would open the path towards a brighter future. De­ng Xiaoping was successful and today a large part of the Chinese population is enjoying a living standard that only a few decades ago had belonged to the realm of dreams.

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