The Beijing Consensus

The Beijing Consensus is a term used to describe China's approach to economic development and governance. It emphasizes state-led growth, strategic government intervention, and pragmatic policymaking, rather than relying solely on free-market principles. China prioritized infrastructure, exports, and technological advancement while maintaining political stability. This model contrasts with Western liberal democracies and their emphasis on free markets and individual rights. The Beijing Consensus has gained attention as an alternative development strategy, especially for countries looking to grow rapidly without adopting Western-style democracy or capitalism entirely.