Financial Times -- July 8, 2021:
“China’s emergence over the past four decades ranks as the biggest and longest-run economic boom in history. Its annual gross domestic product rose from a mere $191 B, or $195 per capita, in 1980 to $14.3 T, or $10,261 per capita, in 2019.
It has raised more than 770m people from poverty and transformed the Chinese economy into a high-tech powerhouse that is on course to eclipse America’s in size. This transformation is the landmark achievement of the Chinese Communist party, which celebrates its 100th anniversary on Thursday.”