Thinking About China
Opinion

The CCP Is Still Fooling Around With Its Economic Lies

The CCP Is Still Fooling Around With Its Economic Lies
A man works at a construction site of a residential skyscraper in Shanghai on Nov. 29, 2016. Johannes Eisele/AFP via Getty Images
Cheng Xiaonong
Cheng Xiaonong
Contributor
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Commentary
The Chinese Communist Party (CCP) has relied on a series of economic lies to sway many people’s perceptions of the current situation. In this article, we look at some of the biggest lies and present the true picture behind those lies.

The First Economic Lie: Development Is the Absolute Principle

In the past decades, the biggest lie of the CCP’s economic policies is “development is the absolute principle,” a statement made by CCP’s leader Deng Xiaoping during his southern China tour in 1992.
Cheng Xiaonong
Cheng Xiaonong
Contributor
Dr. Cheng Xiaonong is a scholar of China’s politics and economy based in New Jersey. Cheng was a policy researcher and aide to the former Party leader Zhao Ziyang, when Zhao was premier. He also served as chief editor of the journal Modern China Studies.
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