This book is unique in its depth of perspective. It uses a comparative approach to explain why China’s role in the world economy has changed so dramatically in the last thousand years. It concludes that China is likely to resume its natural role as the world’s largest economy by the year 2015, thus regaining the position it had held until the end of the nineteenth century.
The study provides a major reassessment of the scale and scope of China’s resurgence over the past half century, employing quantitative measurement techniques which are standard practice in OECD countries, but which have not hitherto been available for China.
Written by a leading Chinese expert on national accounts, this book clarifies available data and puts the results obtained by China since it opened to the outside world into proper perspective. The information presented allows for a more rigorous assessment of the Chinese economy, its production levels, and the competitiveness of its markets
