The Chinese government has been able to economically liberate much of the country because of the role of communist party and the state and the economy. Firstly, the majority of the land is owned by the state and it is leased out.
In China, state-owned entities are central to the economy and in 2018 alone Chinese SOEs had revenue of four trillion dollars and generated profits of two hundred and fifty billion dollars more than our entire Budget.
The Chinese government has also put in place tariffs and subsidies to protect local industries and encourage industrialisation. China also has a number of state-owned banks which provide interest free loans making it easier for small businesses to start and develop.
The steps China has taken in an attempt to develop a sense of natural unity and to address ethnic divisions is a lesson for us all as South Africans. It is only by addressing the root causes of economic inequality that we as a nation will be able to unite and in order to do that