May 10, 2013 03:19 PM

Thatcherism with Chinese Characteristics

As the world mourned the passing of former British prime minister Margaret Thatcher, and remembered her belief in small government, free enterprise and monetarism, we should look at what today's China can learn from her legacy.

At almost exactly the same time Thatcher was leading Britain out of an economic slump, China under Deng Xiaoping embarked on its own social and economic reform, which had tenets similar to what was later known as Thatcherism.

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