Chinas emergence as a leading world economy is not a complete surprise economists like angus maddison had predicted its resurgence some time ago see references the most remarkable aspect of this transformation has been the role of the private sector in achieving such a high rate of growth . The economic transformation of china is a collection of essays written by an eminent observer of the chinese economy the book covers the chinese transformation beginning in the 1950s and continuing through the second decade of the twenty first century. One of the greatest economic success stories in modern history is starting to take an unpleasant turn heres 6 charts that show chinas transformation. 6 loren brandtand thomas g rawski chinasgreat economic transformation 7 despite rising output industrysuffered from the inefficiencies associated latith soviet stylecentral planning emphasis on quantity atthe expense ofquality and. No one in the twentieth century had a greater impact on world history than deng xiaoping and no scholar is better qualified than ezra vogel to disentangle the contradictions embodied in the life and legacy of chinas boldest strategist the pragmatic disciplined force behind chinas radical economic technological and social transformation
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