China’s Rise: From Sleeping Giant to Global Economic Powerhouse
Maidah Tariq explains that China’s journey to becoming a modern state began with the fall of the Qing Dynasty in 1911. After a civil war, the Communist Party, led by Mao Zedong, emerged victorious and formed the People’s Republic of China in 1949.
Mao’s economic policies faced challenges, but Deng Xiaoping introduced reforms in the 1990s that led to massive economic growth. These reforms included incentives for workers, encouraging private farming, promoting township and village enterprises, and focusing on education.
She concludes that China’s integration with the global economy through exports and foreign investments has made it an economic giant and a major player on the world stage.