China's Economic Miracle

China’s economic miracle refers to its rapid growth over the past few decades, transforming from a largely agrarian society into a major global industrial and technological powerhouse. This shift was driven by economic reforms in the late 1970s, including opening up to foreign investment, developing export-oriented manufacturing, and investing heavily in infrastructure and education. These policies boosted productivity, created jobs, and increased living standards. As a result, China’s economy expanded at unprecedented rates, lifting hundreds of millions out of poverty and positioning it as a key player in global trade and finance.