How China reformed to become an Economic Superpower?
Channel: Nexus News
Date: 2024-04-02

China's transformation into an economic superpower from a century of humiliation to contributing over 18% of the world's GDP today is a tale of strategic reforms and visionary leadership. Deng Xiaoping's Reform and Opening Up policy marked a turning point, fostering rapid growth through market-oriented reforms and foreign investment. Integration into the global economy, Jiang Zemin's Three Represents ideology, and Xi Jinping's focus on quality growth and innovation further propelled China's ascent. Challenges like debt, demographics, and tensions with the US persist, demanding ongoing structural reforms for sustained growth.