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Transformation leads to opportunities

By Khalid Malik | China Daily | Updated: 2010-04-15 08:20

Transformation leads to opportunities

In the last three decades China has undergone a remarkable transformation. The highly planned and centralized country of the 1970s has given way to a dynamic market economy that has caught the attention of the world.

Since 1979, with the introduction of reforms, China's GDP has grown at an average of 9.8 percent per annum; per capita income has increased fifty-fold and some 500 million people have been lifted out of poverty.

This high level of GDP growth is already on track to continue despite the international financial and economic crises experienced in 2008/9. In China, many of the Millennium Development Goals have already been achieved. Chinese people are now wealthier, better educated and healthier than ever before.

Transformation leads to opportunities

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