This year marks the 40th anniversary of China’s economic reform and looking back over the last four decades, China’s transformation has been nothing short of remarkable. In 1978, the Chinese economy was a mere 5 percent of the size of the US economy, with a per capita GDP income about par with that of Zambia. China’s economic impact on the world was rather limited. In the span of 40 years however, China’s GDP has overtaken that of countless countries. Today, it is second only to the US and the gap is closing while at the same time lifting more than 700 million people out of poverty.
Image: https://www.shine.cn
