J. Stapleton Roy

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China’s Development Challenge

by J. Stapleton Royvia Governance In An Emerging New World
Monday, October 29, 2018

Over the last forty years, China has stunned the world with the brilliant success of its reform and openness policies in modernizing China at a pace never seen before in world history. Forty years after launching these policies, the size of China’s GDP measured in purchasing power parity terms has surpassed that of the United States. Per capita income has skyrocketed but lags behind the OECD countries because of the immense size of China’s population, now numbering roughly 1.4 billion.