The Rise Of China: How Economic Reform Is Creating A New Superpower

摘要

Over the past 30 years, China's economy has been resurgent. Recent numbers published by the World Bank indicate that since 1978 China has averaged an annual growth of 9.4 percent in gross domestic product (GDP) and a sixfold increase in GDP from 1984 to 2004; furthermore, in 2004 it represented 12 percent of the world's economy on the basis of purchasing-power parity (second only to the United States) and one-third of global economic growth. China has also attracted hundreds of billions of dollars of foreign investment and more than a trillion dollars of domestic, nonpublic investment. Just a dozen years ago, China barely had mobile telecommunications services. Now it claims more than 300 million mobile-phone subscribers-the most in the world.