understanding china’s growth: past, present , and future
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Understanding China’s Growth: Past, Present , and Future. Author: Xiaodong Zhu Lecturer: Fan Bao. The Past: Pre-modern Era. China was once a world economic and technological leader. The peak of China’s premodern economic performance is in the Song Dynasty ( circa 1200) - PowerPoint PPT PresentationTRANSCRIPT
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Understanding China’s Growth: Past, Present, and Future
Author: Xiaodong Zhu
Lecturer: Fan Bao
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The Past: Pre-modern Era
China was once a world economic and technological leader.
The peak of China’s premodern economic performance is in the
Song Dynasty ( circa 1200)
China lost its leadership position to Western Europe sometime
between 1500 and 1800
China actually fall behind during the Qing Dynasty ( 1644-1911)
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The Past: Pre-reform periodIn 1978, China was one of the poorest countries in the world.
The real per capita GDP in China was only one-fortieth of the U.S.
level and one-tenth the Brazilian level.
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The Present: The Economic ReformSince the reform, China’s real per capita GDP has grown at an
average rate exceeding 8 percent per year
China’s real per capita GDP is now almost one-fifth the U.S. level
and at the same level as Brazil.
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Why so different
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The Future of China’sEconomic GrowthWill China be able to continue its rapid growth?
When will China catch up the U.S.?
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Thank you!
Questions?