The “Chinese dragon” of the last two decades may be faltering but it is still hailed by many as an economic miracle.

Far from a great advance for Chinese workers, however, it is the direct result of a consolidation of power in the hands of a small clique of powerful families, families that have actively collaborated with Western financial oligarchs.

This is the GRTV Backgrounder on Global Research TV, with James Corbett and Michel Chossudovsky.  

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