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1 results

  • 7 - Aftermath

  • Feng Wang, University of California, Irvine
  • Book:
    China's Age of Abundance
    Published online:
    28 March 2024
    Print publication:
    04 April 2024, pp 202-239

  • Summary

    This chapter revisits the three critical historical conditions that made China’s age of abundance possible: the Chinese population, the history of the Cultural Revolution, and the leader Deng Xiaoping. It sets China’s economic prosperity within a historical perspective and argues that such a chapter is not repeatable and cannot be sustained. The chapter lists four headwinds as China moves out of its age of abundance: unfinished urbanization, rising incomes and wealth inequality, population aging, and the return of the state’s omnipresent control.