Party deserves small applause for its economic management

On the surface it looks as if the Communist Party has good reason to be pleased with itself.

As the 2,270 delegates attending the party's five-yearly jamboree shuffle into the Great Hall of the People today, they will no doubt be congratulating themselves on an excellent job of economic management.

Over the last 20 years, China's output has expanded sevenfold in real terms, transforming the country from a third-world also-ran into a powerhouse, second only to the United States.

via Business feed http://www.scmp.com/business/article/1077315/party-deserves-small-applause-its-economic-management