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China’s Economic Rise after 1978

Sorin-George Toma () and Andreea Simona Săseanu ()
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Sorin-George Toma: University of Bucharest
Andreea Simona Săseanu: The Bucharest University of Economic Studies,

Ovidius University Annals, Economic Sciences Series, 2019, vol. XIX, issue 1, 45-50

Abstract: Since the implementation of its market reforms in 1978, China has gradually shifted from a centrally-planned economy to a socialist market economy and has succeeded in obtaining significant economic development gains. China’s spectacular economic rise represents one of the most remarkable phenomena of the last four decades. Since 1978, the Asian Dragon has undergone an astonishing economic transformation under the post-Maoist generation of Communist leaders. The aims of the paper are to present and briefly analyze the Chinese economic rise in the last four decades. In order to achieve the aims of the paper the authors used a quantitative research method. the paper briefly analyzed China’s economic rise by taking into account the evolution of its GDP and economic growth rate. The results demonstrated the impressive economic performance obtained by the Asian Dragon even in the period of global crises.

Keywords: economic growth; economic reforms; China; Chinese Communist Party; Deng Xiaoping (search for similar items in EconPapers)
JEL-codes: O4 O53 (search for similar items in EconPapers)
Date: 2019
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