What Kind of Partner is China
The transformation of China began in the same year that Zimbabwe gained Independence. China was emerging from decades of turbulence under the leadership of Mau Tse Tung and the Chinese Communist Party and Zimbabwe from 30 years of conflict and war. On a per capita basis, the average Zimbabwean was earning about double his Chinese counterpart.
China had no real friends in the world - no foreign aid, no working relationship with the multilateral financial system. Zimbabwe had many powerful friends who wanted to help the new country succeed. In the next decade Zimbabwe was able to borrow the equivalent of its GDP at concessionary terms, in addition it received a great deal of direct foreign aid - perhaps as much a billion dollars a year. Its leadership was feted across the globe.
China tackled its challenges using its internal strengths - a massive domestic market, a centralized system of Government and a powerful army that took orders. It had little else, it was a pariah State in global terms, its vast population poor and uneducated and knowing little of the outside world apart from the "closed kingdom" that was home.
Just like Zimbabwe, the new Chinese leadership came out of prison and into power, but they adopted very different economic paths. The Chinese chose pragmatism as their main policy principle; "If you are crossing a river and cannot see the bottom, use your feet to feel the rocks in your path to the other side". The consequences were startling and took everyone in the world by surprise - the Chinese horse left the starting gates at a run and never stopped.
Today the average Chinese still earns a modest $3500 a year, but in doing so, because of the size of its population, it now has the second largest economy in the world. Its achievements are startling but hide the fact that China is still a poor country - people living in Botswana and Zambia have a higher average standard of living. But like India, its middle class is growing and is already among the largest in the world.