China's capitalistic development from 1949 to 2025

Abstract

This paper mainly examines what was China's Mao's era, and contrary to many orthodox understanding, we understand that was a 'state capitalism' which is inevitable in the early stage of capitalistic development. In other words, we need a kind of dictatorship in the early stage of capitalism, and after it becomes more moderate stile of regime, and its two stages can be comparable as China's Qin era and Han era, or Japan's Momoyama era and Edo era. By this understanding, we can get a clear recognition on China's past and present, and also its future. By using my Pacific-rim linked long-term econometric model, I also serve a long-term forecast on China's future.