ABSTRACT
The China Model has the following three distinctive features: state-led, investment-driven and export-oriented. The China Model denotes that China's fast-speed economic growth started only since 1978, after China had discarded the harmful revolutionary heritage of the communist era (1949–1976). The China Model emphasizes that China has a highly autonomous, independent form of development. As the global economic crisis dragged into the 2010s, the China Model seemed to have reached its limit and outlived its usefulness. The China Model stresses that China has modernized its educational system, upgraded its science and research capabilities, and participated in high-tech production. The China Model stresses that the investment-driven and export-led industrialization has led to fast-speed economic growth in China. Proponents of the China Model have as a rule turned a blind eye to problems of environmental degradation. Despite the fact that China is constructed as the model to emulate, many countries still see it as a competitor for foreign investments and jobs.
