China: A Partner for Today and for the Future?

Thorsten Frei ()
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Thorsten Frei: German Bundestag

Chapter Chapter 10 in Chinese FDI in the EU and the US, 2019, pp 91-100 from Springer

Abstract: Abstract In the 40 years since the end of the Cultural Revolution, China has accomplished astonishingly rapid economic development, which is reflected in all areas of society. After Deng Xiaoping’s first attempts to open up the country in 1978, China has undergone several waves of modernisation and industrialisation in a process which took several centuries in Europe. China’s gross domestic product (GDP) has more than tripled in this space of time. More than 700 million people have been lifted out of poverty. In 2017 alone there were ten million fewer Chinese living below the poverty line of a per capita GDP of 500 US dollars. The country has had impressive success in its efforts to tackle poverty. It is now the world’s largest economy, and by 2014, it had already overtaken the USA in terms of GDP adjusted for relative purchasing power.

Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-13-6071-8_10

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DOI: 10.1007/978-981-13-6071-8_10

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