Chinese Economic Growth, Against All Odds
Today, China is an economic powerhouse with the second highest nominal GDP (after the USA) and the highest GDP PPP (when GDP is adjusted for prices in a country) in the world. Yet just over 40 years ago, in 1981, it had a nominal GDP lower than that of Canada, a country that had a population 40 times smaller than it. The nominal GDP per … Continue reading Chinese Economic Growth, Against All Odds
