China's Economic Rise: History, Trends, Challenges, and Implications for the United States : 9781503009059

Prior to the initiation of economic reforms and trade liberalization 34 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 nearly 10% through 2013. In recent years, China has emerged as a major global economic and trade power. It is currently the world's second-largest economy, largest trading economy, second largest destination of foreign direct investment (FDI), largest manufacturer, and largest holder of foreign exchange reserves.

Author: Wayne M. Morrison

Publisher: Createspace Independent Publishing Platform

Publication Date: Oct 31, 2014

Number of Pages: 42 pages

Binding: Paperback or Softback

ISBN-10: 150300905X

ISBN-13: 9781503009059