HONG KONG Magic Johnson Lakers Jersey , Oct. 25 (Xinhua) -- A ferry sailing from Macao to Hong Kong hit an object in the waters near Lantau Island on Sunday, leaving 27 people slightly injured, Hong Kong police said.

The high-speed ferry, which was carrying 163 passengers and 11 crew members, lost propulsion after the accident.

It is operated by Shun Tak China Travel Ship Management Limited,

Water police and firefighters have arrived at the accident scene to help with the rescue effort.

The injured will be sent to hospitals for further examination and treatment, police said.

China's economic miracle can be baffling for many westerners, as the country is often at odds with the traditional understanding of what socialism is Luol Deng Lakers Jersey , going against the grain of standard political and economic theory.

While many western countries continue to stagnate, China has grown and kept stable. This is due to the strong leadership of the Communist Party of China (CPC), which is markedly different from the western system where multiple parties hold office in turn, often bickering on their way to power.

Ahead of the 19th National Congress of the CPC, the west should attempt to decode the mystery of China's economic miracle as it can offer an insight to the future of China and the world.

A MODERN MARXIST PARTY

The west has long wondered how such an ancient civilization can modernize so quickly while under the leadership of a Marxist party. Some have mistakenly attributed such modernization to the success of neoliberalism.

Yuan Fangcheng, professor of the School of Politics and International Studies of Central China Normal University, believes China's success not only lies in its economic miracle, but also in political reasons.

Yuan believes strong CPC leadership and broad representation has guaranteed a stable political order and development environment.

Chen Shuguang Lonzo Ball Lakers Jersey , a professor with the Party School of the CPC Central Committee, agrees with this analysis, saying that one of the major advantages of the Chinese political system is its ability to formulate long-term development plans and implement them in an effective manner.

Chen notes that the CPC has maintained consistency in its commitment and policy-making while adapting to changing domestic and international conditions.

"The CPC effectively avoided short-term behaviors and vetocracy during its governance, thus ensuring consistency and stability of national policies and strategies," Chen said.

The late political scientist Samuel Huntington once said that for third-world countries the path of modernization was one full of disturbances and conflicts, and that political organizations seeking modernization were key to advancing and keeping stable the process of modernization.

The CPC is exactly such a modern political organization and serves as the first and foremost answer to the mysteries behind the China miracle.

HOW A SOCIALIST MARKET ECONOMY CAN REMAIN VITAL

Some in the West believe the existence of a socialist political system and a market economy is a paradox, which makes them confused by the success of the Chinese model.

But simply putting the two concepts against each other ignores the huge potential and hidden strength of such a course.

"A socialist system and the market economy are not incompatible by nature," Chen said.

Since the 1980s Larry Nance Jr. Lakers Jersey , China and other socialist countries have all taken reform initiatives but gone down different paths. The CPC has sought to combine the strengths of its political system with market principles.

The key to such success is a good balance between the roles of the government and the market.

A reform decision in 2013 said that it was China's aim for the market to play a "decisive" role in allocating resources. Analysts hailed this as a significant breakthrough.

By changing the role of the market from a basic to decisive one, China was following the principles of market economy, while giving the government a better role in macro-policy efficiency.

"The market is not omnipotent and appropriate intervention of the government is necessary," noted Yan Jirong, professor with the school of government at Peking University.

Sticking to a steady path and constantly innovating, the CPC has kept the Chinese economy on a sustainable track, with breakthroughs in supply-side structural reform and new growth momentum.

WHY A PROSPEROUS CHINA WILL NOT WESTERNIZE

Some traditional western political theories state that it is inevitable that China will pursue western democracy once it becomes well-off, eventually fully following western political systems.

However Larry Nance Lakers Jersey , Martin Jacques, visiting senior fellow with the London School of Economics and Political Science, in his book "When China Rules the World" said that China's rise to becoming a global power might not tread the same path as the United States and Britain.

Some westerners believe modern countries must be either western or westernized. However, China is very different from other modern countries.

Indeed, by resisting westernization China has its own logic, both historically speaking and today.

Since ancient times, China h. Cheap Jerseys   Cheap Jerseys   Cheap Nike NFL Jerseys   Cheap Nike NBA Hoodies   Cheap Adidas NHL Hoodies   Cheap NCAA Hats China   Cheap MLB Jerseys Online   Cheap College Shirts Free Shipping   Wholesale Soccer Hats China   Wholesale Hats