China’s ruling Communist Party bases its claim to legitimacy on delivering better lives to the world’s most populous country, and since it embraced the market it has overseen a boom that created a burgeoning middle class, now 300 million strong.
Average incomes remain far below those of the United States, but China — now the world’s second largest economy — is already the biggest international market for both cars and smartphones. It is also the worst polluter on the planet, pouring an estimated nine to 10 billion tons of climate-warming carbon dioxide into the air in 2013...............................................Full Article: Source |