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China goes through rapid growth over decades

Updated: Oct 9,2017 4:11 PM

Chinese economy has experienced rapid growth over recent decades, particularly since the reform and opening-up policies initiated by Deng Xiaoping in the late 1970s. With a GDP of 74.41 trillion yuan ($10.82 trillion), China was the world’s second-largest economy in 2016, behind only the US. How did China transform from a poor country into an economic powerhouse?