China Transformed

Since 1949 and more importantly since the 1970s, the people of China have sought to remove everything that has held China back. The past became the enemy to conquer in order to reach the future. Their collective effort has yielded major achievements. In the last 30 or 40 years, more than 600 million people have been moved from out of poverty with 300 million now enjoying middle income status. China overtook Japan in 2010 as the world’s second biggest economy and the country is tipped to overstake the United States as the world’s foremost economic superpower. Currently China has more than 170 cities each with a population of more than one people. It also has several megacities with 10 million people. Beijing the capital and its surrounding region have a population of 200 million, more than half of the entire population of the United States.

China is dubbed the 'workshop of the world' producing almost everything the world needs. It is the world's biggest producer of steel accounting for about 50 percent of global output. Alibaba, China's online marketing firm is bigger than ebay....to be continued

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