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Why Has China Grown So Fast For So Long?$
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Khalid Malik

Print publication date: 2012

Print ISBN-13: 9780198078838

Published to Oxford Scholarship Online: September 2012

DOI: 10.1093/acprof:oso/9780198078838.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 18 October 2021

China’s Progress

China’s Progress

(p.1) 1 China’s Progress
Why Has China Grown So Fast For So Long?

Khalid Malik

Oxford University Press

This chapter assesses the achievements of China, after three decades post the 1978 reforms. The most obvious result of the reform was the phenomenal growth rate of income. This led to certain remarkable social outcomes, like a dramatic fall in income poverty, increase in the road network and electricity, and rise in China’s relative share in world GDP. The chapter discusses the transformation of the Chinese economy through increase in urbanization, restructuring of the shares of industry and agriculture in GDP, the expansion of the role of the private sector, and the consequences of the much-debated one-child policy norm. The lesser noticed consequences of rising inequality, challenges of environmental sustainability, and the impending problem of the demography skewing towards an older population are also analysed.

Keywords:   China, Chinese economy, reforms, growth rate, poverty, inequality, one-child policy, environmental sustainability

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