China's economic miracle began in 1978 when leader Deng Xiaoping introduced market-orientated reforms to the country's closed command economy. Foreign investment was allowed the following year. At the time, communist China was dirt-poor. In fact, its GDP per capita was about a third of the ...
Whatis“poor”?Whatis“rich”？ThecitiesofChinaarejustlikeEUROPE.ThecountriesofChinaarejustlikeAFICA.WHAT?!Areyoukiddingme?EastAfricanGreatRiftValley Theysay…“收入差距过大，会损害社会公平正义，挫伤低收入群体的劳动积极性和社会认同感，既不利于经济健康运行，也不利于社会和谐稳定。”——《时事报告》“收入...
labels, and stickers on a variety of goods proclaim they are “Made in China.” Because of this, it's understandable Western consumers might wonder, “Whyiseverything made in China?”
When Chinese firms produce too much stuff for the domestic market, they often export it. But selling Chinese dairy products overseas is tough. Because China has to import much of its cattle feed, the cost of production is high by international standards. Chinese dairy products have a poor repu...
In the past decades, especially in the past ten years, great transformations have happened in China's rural areas, which may shed light on the path of narrowing the rich-poor gap for other countries. After living in China for such a long time, one thing that I can't ignore is the blu...
Now China is playing an important role at many places in the world. She not only helps poor African countries and other countries go through various difficult situations but also save the world with many developed countries.As a Chinese, I'm proud of motherland and for we are ...
Marcos Cordeiro Pires, a professor at Brazil's Sao Paulo State University, said that the downgrade of China's sovereign credit rating is an attempt to shake the market's confidence in the Chinese economy. China's Ministry of Finance said that the index system of Fitch's sovereign credit rati...
"There was a time not so long ago in China when anything American was automatically seen as better ... Today, no one says the moon is any different when seen from the United States," Lily Kuo, The Washington Post's China bureau chief, wrote in her latest column. ...
In the past decades, especially in the past ten years, great transformations have happened in China's rural areas, which may shed light on the path of narrowing the rich-poor gap for other countries. After living in China for such a long time, one thing that I can't ignore is the blu...
The professor asked me again, “Is your family rich?” This time around I steeled my will when giving him my answer. I said, “Not at all. I come from China and China is a poor country. My family doesn’t have any money.” He let me finish, and then said, “Since you are so...