China: The Great Transition: From Agrarian Economy to Technological Powerhouse

This book explores the transition of China from a subsistence agrarian economy to a technologically driven economic powerhouse, reflecting the achievements of the hardworking Chinese people. It highlights the political pursuit and the Chinese people's leadership in shaping China's economic development. The book also acknowledges the challenges of social, economic, and political inequalities, including poverty, gender gaps, and urban-rural disparities, that hinder China's progressive transformations. The Chinese state and government are implementing policies and programs to address these challenges.

Format: Hardback
Length: 146 pages
Publication date: 07 March 2023
Publisher: Springer Verlag, Singapore

This captivating book delves into the remarkable transformation of China from a subsistence agrarian economy to a technologically driven economic powerhouse, a testament to the unwavering efforts and achievements of the hardworking Chinese people. Since 2010, China has emerged as the world's second-largest economy, gradually surpassing the United States to become the largest economy in the world. The Chinese GDP has experienced a staggering 1,500-fold increase since 1952, reflecting the country's remarkable economic growth.

However, it is important to note that this book does not view China's economic development as a miraculous occurrence or a result of a purely market-driven economy. Instead, it emphasizes that economic growth in China has been shaped by a political pursuit driven by the Chinese people, led by the Communist Party of China since 1921. This pursuit has been characterized by a series of policies and initiatives aimed at promoting social welfare, economic development, and national stability.

China's economic success has not only transformed its own society but also played a pivotal role in driving global economic growth and recovery. The country has become a manufacturing hub, exporting a wide range of products and services to countries around the world. Its rapid industrialization and technological advancements have created job opportunities and improved the living standards of millions of its citizens.

Despite these impressive achievements, China faces several challenges that hinder its progress toward democratic and egalitarian development. One of the most significant challenges is the uneven distribution of wealth and resources. While China has witnessed the rise of a billionaire class, many people still live in poverty and struggle to access basic necessities such as clean air, water, sanitation, and dignified sources of livelihoods. This inequality creates social unrest and undermines the country's efforts to build a more inclusive society.

Another challenge is the widening gap between urban and rural areas. While China's cities have experienced rapid economic growth and development, rural areas continue to face economic stagnation, poverty, and limited access to resources. This gap not only hinders the country's overall economic growth but also exacerbates social tensions and political unrest.

To address these challenges, the Chinese state and government have implemented a range of policies and programs. These include efforts to promote social welfare, reduce income inequality, improve access to education and healthcare, and promote rural development. The government has also implemented measures to promote gender equality and reduce the gender gap, recognizing the importance of empowering women in driving economic growth and social progress.

Despite these efforts, there are still challenges that need to be addressed. One of the most pressing concerns is the environmental impact of China's rapid economic growth. The country has faced significant pollution and environmental degradation, which has harmed the health of its citizens and threatened the sustainability of its economy. The government has recognized the importance of addressing these issues and has implemented policies and initiatives to promote green energy, reduce carbon emissions, and protect natural resources.

In conclusion, this book provides a comprehensive and insightful analysis of China's economic transformation and growth. It highlights the remarkable achievements of the Chinese people and the country's role in driving global economic development. However, it also emphasizes the challenges that China faces in achieving democratic and egalitarian development. By implementing policies and programs that promote social welfare, reduce inequality, and address environmental concerns, China can continue to grow and prosper while building a more inclusive and sustainable society.

Weight: 407g
Dimension: 235 x 155 (mm)
ISBN-13: 9789819900503
Edition number: 1st ed. 2023