China’s economic rise over the past 40 years is a remarkable story of strategic reforms and state-guided modernization. Beginning with Mao-era foundations like land reform and industrial investments, China built a platform for growth that accelerated under Deng Xiaoping’s “Reform and Opening” policies. Key strategies included selective price liberalization, infrastructure development, and attracting foreign investment. Special Economic Zones, such as Shenzhen, became hubs for innovation and global integration. Investments in education and technology further fueled progress, positioning China as a leader in sectors like electric vehicles and telecommunications. Despite challenges, China’s leadership continues to emphasize innovation and sustainable development. While its model may not be easily replicable, its success offers valuable lessons for other nations.
— new from The World Economic Forum
