China’s Economic Rise after 1978

Autor: Sorin-George Toma, Andreea Simona Săseanu
Jazyk: angličtina
Rok vydání: 2019
Předmět:
Zdroj: Ovidius University Annals: Economic Sciences Series, Vol XIX, Iss 1, Pp 45-50 (2019)
Druh dokumentu: article
ISSN: 2393-3127
Popis: Since the implementation of its market reforms in 1978, China has gradually shifted from a centrally-planned economy to a socialist market economy and has succeeded in obtaining significant economic development gains. China’s spectacular economic rise represents one of the most remarkable phenomena of the last four decades. Since 1978, the Asian Dragon has undergone an astonishing economic transformation under the post-Maoist generation of Communist leaders. The aims of the paper are to present and briefly analyze the Chinese economic rise in the last four decades. In order to achieve the aims of the paper the authors used a quantitative research method. the paper briefly analyzed China’s economic rise by taking into account the evolution of its GDP and economic growth rate. The results demonstrated the impressive economic performance obtained by the Asian Dragon even in the period of global crises.
Databáze: Directory of Open Access Journals