The Shanghai model has four integral components. The first is a highly interventionist state. The quote from former Party Secretary Chen Liangyu at the beginning of this section reveals this aspect of Shanghai. The second is a systematic and deep anti-rural bias in its economic policies. The third component is a biased liberalization in favor of foreign capitalists at the expense of indigenous capitalists. The fourth component is that Shanghai was favored by the central government and might have been showered with massive resources. The components of this model together produced rapid GDP
...more
