Privatization Imperiled

The world economy underwent a costly readjustment after the 2008 financial crisis. But, as if by magic, China's economy resisted these global forces.

Mobilizing resources with a huge influx of capital, China harnessed Keynesian power to support its traditional growth model and avoided the painful adjustment others endured. China actually saw a healthy expansion that reached a lucky 8 percent growth rate in 2009.