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In a relatively short amount of time, China has become the second largest economy in the world and is soon poised to overtake the US. In 1978, when China introduced its economic reforms, its GDP was $214 billion; in 2019, it is estimated to increase to $14 trillion. But the country’s rapid growth was achieved on the backs and shoulders of its workforce, many of whom were peasant farmers turned int...
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In a relatively short amount of time, China has become the second largest economy in the world and is soon poised to overtake the US. In 1978, when China introduced its economic reforms, its GDP was $214 billion; in 2019, it is estimated to increase to $14 trillion. But the country’s rapid growth was achieved on the backs and shoulders of its workforce, many of whom were peasant farmers turned int...
Read more
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