Fancass, He - East Asian Bureau of Economic Research (EABER) - 2007
The rise of China is a major episode in world economic history. From the late 1970s, China pursued market …-oriented reforms and open policy. During the past two decades, China experienced extraordinary growth. Since 1978, GDP growth rates … have averaged 10 per cent a year, and 10.7 per cent in the 1990s, rivaling the record achieved by Japan and the Four Tigers …