China has experienced over a quarter century of rapid economic growth, which has had a phenomenal impact on the global economy. Entering into the 21st century implies that China has begun a new phase of economic and social development. This book reviews the economic development history of contemporary China from 1949 to the present, paying special attention to growth, inequality and poverty reduction. A real Chinese economic miracle should have two important features: high income growth and a fair distribution system so that poverty can be eradicated.
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