China’s rise came from rejecting neoliberal deregulation, not embracing it.

Evidence

This is ironic, and a nuisance to free-marketeers (who, naturally, want to claim globalisation as proof of the superiority of free-market capitalism), since China’s conversion into an economic powerhouse happened because Beijing resisted the neoliberals’ recommendation that financial markets should be deregulated and that the Chinese state should desist from investment planning. — Yanis Varoufakis, Technofeudalism, 987

Categorization

• XREF: Directly connects to the ‘Grafting & Growth’ article idea of rejecting singular economic orthodoxy, and to broader developmental-state literature (Amsden, Wade).
• SEED: Angle: ‘The paradox of the poster child’ — the case the free-marketeers cite as proof of capitalism is actually its negation. Good column hook.
• corroborated: 2 independent passages support this claim — Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 987