Deng Xiaoping’s Legacy 40 Years On

A poster showing Deng Xiaoping

IT IS NOT just the raw growth in the size of China’s economy, impressive though that has been over the 40 years since Deng Xiaoping announced the economic reforms that opened up of the country, now being celebrated with such pomp. It is China’s growing occupancy of the world economy and in particular in relation to the United States’s declining place that has coloured the past four decades and will define the ones to come.

China and United States as share of world GDP, 1978-2017

But for all the distance China’s economy has come, it still has far to go, in more senses than one.

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Filed under China-U.S., Economy

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