Learning and Unlearning from Chinese Model of Development Presented by: Israt Zahan ID No - 161-2862-085 MPPG 6th Batch North South University

Zhōnghuá Rénmín Gònghéguó China- At a glance People's Republic of China 中华人民共和国 Zhōnghuá Rénmín Gònghéguó Area-9,596,960 sq km Capital-Beijing Largest city-Shanghai Population-1,373,541,278 (July 2016 est.) Government-Unitary one-party socialist republic Literacy-96.4% GDP Growth-6.6%

Chinese Model of Development The Chinese economy has done remarkably well over the last three decades, consistently ranking among the fastest-growing in the world. It has attracted significant amount of foreign direct investment, and has become the largest trading country. In 1978 Deng introduces significant economic reforms aimed at introducing market socialism. Overall the reforms unleashed economic growth that is unprecedented in human history. Agricultural output growth dramatically accelerated to 8.2% a year, agricultural prices fell, meat and vegetable production rose dramatically. GDP Growth rate of 9.5% a year China's economy became the second largest after the United States. More than 500 million people lifted out of poverty Now the world’s largest exporter and manufacturer In transition from middle-income to high-income status.

Characteristics of Chinese Development Model China’s stunning growth rates have corresponded with the rise of “state capitalism For many in China, electoral democracy just is not suitable for all nations, and those developing countries including China needed stability and economic development before they could afford the luxuries of liberal democracy and personal liberty in a Western mold. China should promote democracy through good governance not via direct national elections. China’s reforms have been executed more cautiously and more slowly. China’s reform is known as “crossing the river by feeling the stone”, partial reform composed of economic liberalization and political conservatism  State-Led Development Model  Development as the Top Priority  Focus on Good Governance  Gradual and Pragmatic Reform

According to Zhang Weiwei, a Chinese scholar, even though China does not have a roadmap for democracy, it has a “compass”. The broad orientation of the “compass” toward a new type of democracy in China is to establish (1) a first-rate mechanism for selecting the right talents at all levels of the Chinese states, (2) a first-rate mechanism for exercising democratic supervision, and (3) a first-rate mechanism for carrying out extensive and intensive social consultation (Zhang, 2011).

China’s Global Vision & Challenges  One Belt One Road (OBOR)  Bangladesh, China, India and Myanmar-Economic Corridor (BCIM-EC)  Asian Infrastructure Investment Bank(AIIB), New Development Bank (NDB)/BRICS Development Bank

(Tuesday 2 May 2017) The first freight train linking China directly to the UK has arrived in the eastern Chinese city of Yiwu. The train, known as 'East Wind‘, left London on April 10, passing through France, Belgium, Germany, Poland, Belarus, Russia and Kazakhstan during its 20-day trip.

The Sino-Bangla Relation Bilateral trade relations between the two countries were growing steadily.. A “high wave’ of Chinese investment in Bangladesh in critical areas, like infrastructure, energy development, and manufacturing will definitely take China-Bangladesh relations to a new trajectory. New ports, air routes, roads, rail systems and pipelines now traverse Asia from West to the East and making access to the landmass of Eurasia and Indian Ocean littoral much easier. Bangladesh is an important part of China’s “One Belt and One Road (OBOR)”, concept through the overland component - via the Bangladesh- China-India-Myanmar corridor - and as a port hub for the Maritime Silk Road.

Learning and Unlearning As the government and the people of Bangladesh have their eyes fixed on the horizon, working hard to realize the twin dreams of eradicating extreme poverty and achieving middle-income status by 2021, learning from ‘China Model’ can be helpful in this regard. But since ‘one size does not fit all’, we have to think in our own context. Obviously, the most important limitation of ‘China Model’ is absence of Democracy which is not desirable in country like Bangladesh. Another important aspect is the environmental hazards. In the name of development China has been polluting her environment severely which is now a great concern for them. Hence, we should take only that essence of the model which fits best in our context.

谢谢 xie xie Thank You!