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The book is accessible for the general reader and can be used as a college level course textbook for undergraduate and graduate studies. It is a methodical and historically accurate English language account of the decades-long market-based reorganization of the Chinese economy since its beginnings in 1978. [1] [2] [3] [4]
Chinese leader Xi Jinping with U.S. President Joe Biden at the 17th G20 in Bali, November 2022. [1]The relationship between the People's Republic of China (PRC) and the United States of America (USA) has been complex and at times tense since the establishment of the PRC and the retreat of the government of the Republic of China to Taiwan in 1949.
An economic conflict between China and the United States has been ongoing since January 2018, when U.S. President Donald Trump began setting tariffs and other trade barriers on China with the goal of forcing it to make changes to what the U.S. says are longstanding unfair trade practices and intellectual property theft. [1]
China's accession to the WTO meant that it had to liberalize its economy, and reduce state interference, which boosted the efficiency of Chinese exporters. [16] As China already had "most-favored nation" (MFN) status since the 1980s in Europe and the United States, WTO accession did not lead to lower trade barriers. [16]
As of at least early 2024, China is the largest trading partner of over 120 countries. [8]: 147 Given the scale of China and its economy, the country's impact on international trade flow is major. [7]: 272 As of at least 2024, the global current account surplus is largely composed of China, Europe, and the Middle East. [7]: 274
China's exports rose 12.7% in October from a year earlier, the fastest monthly growth in more than two years, according to customs data released Thursday. The report came a day after former ...
China’s economy has hit the skids in ways that suggest 25 years of supercharged growth may be ending, well before China achieves economic superpower status. China’s economy never powered out ...
The economic history of China describes the changes and developments in China's economy from the founding of the People's Republic of China (PRC) in 1949 to the present day. The speed of China's transformation in this period from one of the poorest countries to one of the world's largest economies is unmatched in history.