The History and Evolution of the Chinese Economy

Name

Institutional Affiliation

Chinese Economy

Currently, China is one of the leading economies in the world. Its growth has transformed for decades to the point where it is today. In about half a century ago, China was among the poorest nations in the world, and it was it hard to predict it would gain to what it has managed today. According to Dorn (2016), commercial milestone attained by China has many raised tractions from other large economies exploring the viability of the avenues utilized by the Chinese government in gaining its current economic stability.

In 1979, chine experience the highest growth in the Gross Economic Product which was 40%.  During this period, Deng Xiaoping had reformative policies which show the economy shooting all the way to the top. In effects, the most significant economic contributors in China such as the Shanghai reopened in 1990 making the country to enjoy a steady growth from 1962 to 2012 and above. The growth and development witnessed dates back to early 1940 when a large group of investors, under the Soviet advisers, commissioned a 156...