Demystifying the Chinese Economy

Demystifying the Chinese Economy

by Uri Dadush, Justin Lin, Vikram Nehru, Nicholas Lardy

Since opening up to the world in 1979, China’s economy has grown by an astonishing 10 percent, on average, in real terms every year. But many observers have pointed out that China’s recent “rise” is more aptly deemed a “return” to the preeminence it enjoyed before the eighteenth century.