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China's development of a unique economic model represents "the most significant economic miracle since the Industrial Revolution in Britain," argues Yip (founder and chairman, Hong Kong Policy Research Institute, China), yet it is rooted deep in Chinese culture and history extending back 8000 years. The "China Model" he proposes is based on recognizing the heritage of 3000 years of Chinese civilization; comprehensive utilization of the essence of world civilization from the past 300 years; the accumulation of knowledge and effort through trial and error over the past 160 years; basing the legitimacy of the government and governmental reform on economic success; and improvement in people's livelihood, social stability, and political achievement. He further argues it is characterized by a mixed ideology; mixed economy; continuity in governance and comprehensive thinking (mixed democracy); legitimacy of government policies through people-oriented strategy; independent and autonomous centralized leadership; scientific trial and error and building a learning society; reinterpretation of tradition and alignment with international standards; and learning, innovation, and self-reliance. He describes the social, economic, and political structures of this proposed model and considers its future. Annotation c2013 Book News, Inc., Portland, OR (booknews.com)
