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China’s Economic Rise after 1978

Author

Listed:
  • Sorin-George Toma

    (University of Bucharest)

  • Andreea Simona Săseanu

    (The Bucharest University of Economic Studies,)

Abstract

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.

Suggested Citation

  • Sorin-George Toma & Andreea Simona Săseanu, 2019. "China’s Economic Rise after 1978," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 45-50, August.
    • Handle: RePEc:ovi:oviste:v:xix:y:2019:i:1:p:45-50
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    References listed on IDEAS

    as
    1. Gilhooly, Robert & Han, Jen & Lloyd, Simon & Reynolds, Niamh & Young, David, 2018. "From the Middle Kingdom to the United Kingdom: spillovers from China," Bank of England Quarterly Bulletin, Bank of England, vol. 58(2), pages 11-20.
    2. Bao, Shuming & Chang, Gene Hsin & Sachs, Jeffrey D. & Woo, Wing Thye, 2002. "Geographic factors and China's regional development under market reforms, 1978-1998," China Economic Review, Elsevier, vol. 13(1), pages 89-111.
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    More about this item

    Keywords

    economic growth; economic reforms; China; Chinese Communist Party; Deng Xiaoping;
    All these keywords.

    JEL classification:

    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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