Why West misreads new development paradigm


A view of Beijing's CBD area. [Photo/VCG] - China Daily/ANN

IN all ancient civilisations, especially in Asia, material and socio-cultural-spiritual development progressed more or less hand-in-hand. Hence, there was generally balanced human progress, even though all the civilisations had their share of shortcomings.

A major disruption occurred with the Industrial Revolution in the late 18th and 19th centuries. Spurred by new productive forces, the Industrial Revolution facilitated epoch-changing discoveries in science and innovations in technology, which exponentially raised many European nations’ capability to generate material prosperity.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Insight

HSBC chair is one of the toughest jobs – Fancy it?
Rising yuan won’t slow China’s export boom
How foreign carmakers can stay relevant in China
Electric vehicle taxes may backfire on the UK
Why China is hesitant on global green leadership
China-Asean pathways for common prosperity
Opec+ says ‘all is fine in oil’ but uncertainty rises
FCPO explained: From samurai rice to sawit futures
Questions rising from US dollar’s weakness
Floods: Missing the forest for the trees

Others Also Read