Yet in the absence of outside interference, the economy of Wenzhou has grown by an average of 16% every year since 1979.
ECONOMIST: Boom time in capitalist Wenzhou | The
Today, shareholding co-operatives account for 70% of Wenzhou's economy.
The ruse was simple: it allowed Wenzhou to maintain the fiction that most of its economy was state-controlled.
ECONOMIST: Boom time in capitalist Wenzhou
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