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What are the main reasons behind China’s high growth rate between 1995 and 2007?

What are the main reasons behind China’s high growth rate between 1995 and 2007?

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Answer #1

China's strong productivity growth, spurred by the 1978 market-oriented reforms, is the leading cause of China's unprecedented economic performance. Despite significant obstacles relating to the measurement of economic variables in China, these findings hold up after various tests for robustness

Three crucial factors have attributed to China's economic miracle: a gigantic population, production efficiency and intensity and capital, in other words, its total factor productivity

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