China: The Great Transition From Agrarian Economy to Technological Powerhouse - Original PDF

دانلود کتاب China: The Great Transition From Agrarian Economy to Technological Powerhouse - Original PDF

Author: Bhabani Shankar Nayak

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The great transition of China from a subsistence agrarian economy to a technolog- ically driven economic powerhouse reflects the achievements of the hardworking Chinese people. China continues to grow as the second largest economy of the world from 2010 onwards. It is going to be the largest economy in the world by putting US economy behind. The Chinese GDP has increased of 1,500 times from 1952. The transformation of China and its economic growth is neither miraculous nor a product of market economy. The economic development in China is a product of political pursuit shaped by the Chinese people led by the Communist Party of China from 1921 onwards. China is not only the workshop of the world today but also works as the engine of global economic growth. The state led development in China paves the path of recovery and provides direction to the crisis ridden global economy. The rapid transition of Chinese economy and its society is profoundly affecting the competitive capabilities of the capitalist economies. There are consistent attempts by the liberal and western intellectuals, commentators and writers to undermine the Chinese politics and achievements of working people of China. The ideologically driven propaganda is a dangerous trap that hides viable alternatives from people. The phenomenal Chinese economic growth and development led to the significant fall of poverty in China. The World Bank (2022) study on “Four Decades of Poverty Reduction in China Drivers, Insights for the World, and the Way Ahead” shows that China lifted 800 million people out of poverty and contributed to three-quarters of the global reduction of extreme poverty. There were 250 million poor living in rural China in 1978 which has declined in a massive scale. There were more than 750 million (about two-thirds of the population) in China lived below international poverty line in 1990. The commitment and targeted approach of the Chinese government has led to the eradication of absolute poverty in China. There is remarkable growth of access an

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