China and Europe:A Mutual Study

IT’S been 20 years since China set about constructing a socialist market economic system.During these two decades,China stood strong through the Asian financial crisis.It has also weathered the global financial crisis,which shows China has developed strong capabilities in macroeconomic regulation and control.Since the turn of the century,many economists overseas have defined China’s developmentpath as the "China Model." In reality,there is nosuch fixed model for China’s economic or socialdevelopment.