"Until the global financial crisis, China was thought to be decades away from overtaking the United States as the world's largest economy. But while the US skirted economic stagnation, China was able to successfully navigate the crisis, and its growth continues to accelerate. Has the time...

This paper assesses China's transformation using a long-term economic growth framework and explores the implications for the rest of us. It does this by reviewing the main drivers of growth: inputs of capital, labor, land and new technologies, and the role of key institutions. It then discusses...