Chatham House Primer: China’s Economy

Since undertaking economic reform in 1978, China has experienced the fastest sustained expansion by a major economy in history: averaging GDP growth of nearly 10 percent a year to become the second largest economy in the world (by nominal GDP). Yukon Huang outlines how this remarkable transformation has occurred, explaining some of the theories behind the key policies fuelling this growth and analysing the validity of some oft-repeated concerns and casually accepted truths about the global impact of China’s economic miracle.