Economic Growth, Income Distribution and Poverty Reduction in Contemporary China

China's Economic Growth and Development

China has experienced over a quarter century of rapid economic growth, which has had a phenomenal impact on the global economy. Entering into the twenty-first century implies that China has begun a new phase of economic and social development.

Yao reviews the economic development history of contemporary China from 1949 to the present, paying special attention to growth, inequality and poverty reduction.

Features of a Chinese Economic Miracle

A real Chinese economic miracle should have two important features: high income growth and a fair distribution system so that poverty can be eradicated.