China’s economic transformation

China's economic transformation involves shifting from a largely agrarian society to a global manufacturing and technological powerhouse. Starting in the late 20th century, China embraced market reforms, opened to international trade, and invested heavily in infrastructure and education. This rapid development fueled high growth rates, urbanization, and improved living standards. While maintaining a strong role for government planning, China now leads in industries like technology, e-commerce, and green energy. This transformation has lifted hundreds of millions out of poverty, making China a key player in the global economy.