The Rise of China How Economic Reform is Creating a New Superpower [Paperback]

In the 1980s, embracing capitalism to an increasing degree, China's economy grew at a rate of 9.5 percent. In 1992 it grew 12. 8 percent, rising to 13.4 percent in 1993. Cumulatively, this is the greatest sustained growth in human history. Even if it slows substantially it is likely to surpass the economy of the United States early in the twenty-first century.A timely report on the growth of the world's most dynamic economy, as well as a forceful argument that, often, successful political reform can follow only in the wake ofor alongside witheconomic reform.Provocative. . . . Overholt's dissection of China's economic transformation is compelling.The next giant on the world scene will be Chinaand Overholt's incisive and provocative analysis will help to cope with its challenge.Long considered an overpopulated, repressive, backward country, Chinahas in the last decade entered the small circle of advanced industrialnations. Economic reform, more than any other factor, is responsiblefor this progress, maintains William H. Overholt in this provocativebook.