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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

The annual data of China‘s GDP published on China NBS: National data – annual – national accounts – Cross Domestic Product Archived 14 June 2018

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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