This book explains why China’s opening-up policy can boost the rapid growth of its economy. Based on concrete facts and economic logic, it offers a brief introduction to the history of China’s successful development, which has unprecedentedly helped improve people’s lives and community...

From the Middle-Income Trap to the Threshold Effect -- How Does China Avoid “Secular Stagnation? -- Establishing a New Development Paradigm by Strengthening Comparative Advantage -- Dynamic Balance of Regional Economic Growth -- Productivity, New Growth Drivers and the Manufacturing Industry...

Preface; Contents; Chapter 1: It Takes 30 Years to Reach Benevolent Governance; 1.1 Doubling of Per Capita Income; 1.2 Worldwide Example of Poverty Reduction; 1.3 China's Featured Policies of Agriculture, Farmer and Rural Area; 1.4 Social Protection That Develops from Nothing; 1.5 Unbalanced Inclusive...