Analysis of China's Development Mechanism

Abstract

This paper shows that the mechanism of China’s high economic development in the point of social structures, economic systems, and a national character. We innovatively find that national ownership of land was the most significant factor to support China’s economic growth. And we also stress the system adopted by Deng Xiaoping of using successful cases in special zones as a model to spread reform across the nation suits the Chinese situation very well. Finally, we also believe the pursuit of social harmony and Sinocentrism can be seen as “Chinese spirit of capitalism”. After Deng’s various reforms, the Confucianism and Sinocentrism come back to China and help China achieve great economic development