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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 Updated June 25, 2019 Congressional Research Service 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 2018, a pace described by the World Bank as the fastest sustained expansion by a major economy in history.

Jun 25, 2019 · 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

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