China’s Incredible Rise, With Economist John Ross

There is no doubt about it: China is rising. Whether it sparks hope and interest or fear and worry, it is impossible to ignore the country’s rapid economic and social transformation. Just a few decades ago, the words “made in China” were a synonym for bad quality junk. But today, China leads the world in all manner of high-tech industries, including photovoltaic cells, semiconductors, 5G communications technologies, and electric vehicles. Joining MintCast host Alan MacLeod today is someone who knows China extremely well. John Ross is an economist and a senior fellow at the Chongyang Institute for Financial Studies of the Renmin University of China. As far back as 1992, he accurately predicted the failure of economic reform in Russia and Eastern Europe and its success in China. He is the author of the book, “China’s Great Road: Lessons for Marxist Theory and Socialist Practices.” He writes on Chinese politics and economics at his website, “Learning From China.” Support independent watchdog journ