July 2014
Intermediate to advanced
5 pages
18m
English
Content preview from What’s Next for the Chinese Economy?
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What’s Next for the Chinese Economy?
After a period of remarkable growth, China now faces substantial economic and political challenges.
Yasheng Huang
June 17, 2014
Since China began its economic reforms in 1978, its economy has grown substantially. GDP growth after inflation has averaged nearly 9% per year, a remarkable record by all accounts. Within just one generation, China has transformed itself from an economically impoverished and politically unstable country to the second-largest economy in the world. It has lifted more than 500 million people above the absolute poverty level, along with other notable but lesser-known achievements: China is the only developing country to have participated in the Human Genome Project and the first developing ...
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