Is China on the Decline?

Since the late 1970s when China started to pursue a policy of opening up to the rest of the world, it has experienced unprecedented economic growth and development. Between 1978 and 2014, the Chinese economy grew at a rate of more than 10% yearly, and in the process, over 800 million people were lifted out of poverty. As its economy opened up, foreign direct investment (FDI) flowed into China at …

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