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China has come along way.
As of the time of this writing, the communist country is the second-largest economy in the world and looks poised to reclaim its title as the world’s largest economy within the next century.
So without further ado, let’s explore modern-day china and see how it has transformed from a half-crippled state into the economic superpower we know today.
📚 Want to learn more about the economy of China? We recommend reading “China‘s Economy: What Everyone Needs to Know”, by Arthur Kroeber
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Sources & Citations –
Nee, V., 1992. Organizational dynamics of market transition: Hybrid forms, property rights, and mixed economy in China. Administrative science quarterly
Chai, J.C., 1998. China: Transition to a market economy. OUP Catalogue
Chi-Yun, C.H.E.N., 2005. Han Dynasty China: Economy, Society, and State Power–A Review of Cho-Yun Hsu, Han Agriculture: The Formation of Early Chinese Agrarian Economy
Cheung, Y.W., Lai, K.S., and Bergman, M., 2004. Dissecting the PPP puzzle: the unconventional roles of the nominal exchange rate and price adjustments. Journal of International Economics
Schurmann, F., 1973. Ideology and organization in communist China. Univ of California Press
Chang, J.K., 1969. Industrial Development in Pre-Communist China: A Quantitative Analysis. Aldine Publishing Company
Peng, X., 1987. of the Great Leap Forward in China’s Provinces. Population and development review
Li, W., and Yang, D.T., 2005. The great leap forward: Anatomy of a central planning disaster. Journal of Political Economy
Bachman, D., and Bachman, D.M., 2006. Bureaucracy, economy, and leadership in China: The institutional origins of the Great Leap Forward. Cambridge University Press
Chen, Y., 2009. Cold War competition and food production in China, 1957-1962. Agricultural history
Mastel, G., 2016. The Rise of the Chinese Economy: The Middle Kingdom Emerges: The Middle Kingdom Emerges. Routledge.
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