Current Chinese Economy from Global Perspective
GDP Size and Wealth Per Capita—Developed Versus Developing Economies
Over the last three decades, China’s economic performance has experienced a remarkable growth, which has succeeded in shifting it from a rural and agricultural economy to a modern and industrial one. As a result, the GDP size of the Chinese economy has increased dramatically since its huge economic reform began in the early 1980s and, since then, the actual size of China’s economy has been a subject of extensive debate among economists and policy makers. Figure 2.1 illustrates the comparison of GDP sizes among the current three largest economies in the world, namely, the United States, China, ...
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