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[Economic Theory] Explaining China’s economic miracle

As recently as 1981, 88 percent of the Chinese population was living in extreme poverty; today it is less than one percent. How was this possible? Never in the history of the world have so many hundreds of millions of people risen from abject poverty to the middle class in such a short time. China’s … Continue reading "Explaining China’s economic miracle"

The post Explaining China’s economic miracle appeared first on Institute of Economic Affairs.

Published:11/10/2021 3:24:16 PM
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