Transcription of China's Economic Rise: History, Trends, Challenges, and ...
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China's Economic Rise: History, Trends, Challenges, and ...
China s Economic Rise: History, Trends, Challenges, and Implications for the United States Wayne M. Morrison Specialist in Asian Trade and Finance February 5, 2018 Congressional Research Service 7-5700 RL33534 China s Economic Rise: History, Trends, Challenges, Implications for the United States Congressional Research Service Summary Prior to the initiation of Economic reforms and trade liberalization nearly 40 years ago, China maintained policies that kept the economy very poor, stagnant, centrally controlled, vastly inefficient, and relatively isolated from the global economy. Since opening up to foreign trade and investment and implementing free-market reforms in 1979, China has been among the world s fastest-growing economies, with real annual gross domestic product (GDP) growth averaging through 2017, a pace described by the World Bank as the fastest sustained expansion by a major economy in history.
China’s Economic Rise: History, Trends, Challenges, Implications for the United States Congressional Research Service Summary Prior to the initiation of economic reforms and trade liberalization nearly 40 …
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