China has demonstrated that liberal capitalism is not the sole pathway to modernization, challenging a post-Cold War assumption. While allowing market competition and entrepreneurship, China maintains political control and directs capital towards strategic priorities like technology and stability. This approach, which integrates markets with public purpose, has diverged from Western expectations that economic liberalization would lead to an American-style political settlement. AI
RANK_REASON The item is an opinion piece discussing economic models and geopolitical assumptions, not a direct announcement or event.
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