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China currently boasts a real GDP growth rate of 9.1% (2004 estimate) (CIA World Factbook). For the past twenty years, the growth rate has hovered around 9% and 10%, leading many economists to call China an economic miracle. However, China's developmental story has been a rocky one.
When tracing China's economic history, it is best to distinguish between several different time periods: the pre-communist era (? B.C. ? 1949), the era of Mao (1949 ? 1976), the era of Deng (1978 ? 1997), and the recent past and present time. The pre-communist era can be broken up further. From 221 B.C c. to 1911 A...
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