China's economic development has been one of the most remarkable series of events in world history. While the nation has experienced many of the same phases as other nations that have moved from rural, agrarian societies to urban, industrial societies, China has had its own unique story.
The development and growth in the last few decades has, in a way, been a reversal of trends that began with the rise of the Chinese Communist Party in the 1920's and 1940's. …
