I was researching about China's Economic growth, and I thought it would be a good idea to post something in the blogger, along with the link, for this upcoming homework that we have. Use the link, it is actually pretty interesting what you can find. Here are some comments.
Chinese Economic growth begin around 1978 when China embarked in a on a program of economic reform. "In an effort to awaken a dorming economic giant" it says, it encouraged the formation of private businesses as well as rural enterprises; they liberalized foreign trade & investment, they "relaxed" state control over certain prices and they invested in industrial production and the education of its workforce. Quoting: "By nearly all accounts, the strategy has worked spectacularly".
This is somehow the way chinese government has found the way into a growing economic development. You will also find the way they measure this economic growth, and you will find several impressive numbers, such as annual rates of growth, and a comparison with (and this term will probably be new for you) the economic growth of the "Asian Tigers" (Hong Kong, Korea, Singapore and Taiwan, province of China).
It is a very useful source, if you want to learn a bit more about China's economic growth, and it might be useful for your upcoming homeworks.
Here is the link to the webpage:
