Chinese modernization valuable paradigm for humanity

Yu Jia, a researcher at the Institute of New Structural Economics, Peking University, has integrated her research in Africa with insights from new structural economics to highlight the impact of Chinese modernization, pointing out that China has significantly reduced the costs of many new technologies, making it possible to promote large-scale modernization in some African countries. Moreover, Chinese entrepreneurs in Africa are creating substantial employment opportunities by tailoring their businesses to local conditions.