China’s 20-Year ‘Four Asian Tigers’ Economic Development Model Is Coming to an End

Chinese leader Xi Jinping attends a meeting during the 10th BRICS summit (meeting of the world's leading emerging economies, Brazil, Russia, India, China, and South Africa) in Johannesburg, South Africa, on July 26, 2018. Gulshan Khan/AFP/Getty Images

Commentary

In the past 20 years, China’s economy has experienced tremendous growth by replicating the success model of the “Four Asian Tigers”—South Korea, Taiwan, Hong Kong and Singapore. China’s exports to the West grew exponentially at that time.