China has experienced approximately double-digit economic growth for almost three decades since the opening of the economy in 1978 under the leadership of Deng Xiaoping. It has been able to lift more than 624 million people out of poverty, per capita income has increased more than five times and human development indicators show rapid progress during the period. This achievement is unparalleled in history and it is highly unlikely that any country will be able to match the ‘Chinese miracle’. However, there are big question marks over the future trajectory of economic growth in China.
