In this book, a large and diverse group of researchers pool their knowledge to take
the measure of China’s massive, protracted, and unexpected economic upsurge,
which began in the late 1970s and continues as this is written nearly thirty years
later. The magnitude and rapidity of China’s recent gains stand out even against
the background of stunning growth among China’s East Asian neighbors during
the late twentieth century.
China’s extended boom began at remarkably low levels of income and consumption.
Its growth spurt is remarkable for its geographic spread as well as its speed
and longevity. While coastal regions have led the upward march of output, exports,
and income, China’s central and western regions have recorded enormous gains as
well.