Today, China is an upper-middle-income country where per capita G.D.P. China is also the world’s largest producer of goods, and one of the most competitive countries in the world. Therefore the Chinese government subsidized these enterprises, but opened up investment in labor-intensive industries, in which China enjoyed comparative advantages. Since the late 1970s, China has been able to achieve dynamic growth through a combination of strong leadership and pragmatism. With continued foresight and openness, China is positioned to resume its historical role as a leading power in the world.

Source: New York Times December 05, 2017 10:30 UTC