[alyas]

In the past four decades, the average annual growth rate of China’s GDP reached 9.5 percent. The rapid growth is a miracle in global economic his- tory and a significant driver of global growth. The once relatively isolated nation has stepped into a new and open era, with its closed and planned economy replaced by an open market economy. Hundreds of millions of people have moved out of poverty, a feat that took developed countries several centuries....
source : http://www.vikilix.com/2020/03/07/china ... ent-goals/

[Truth To Power]

In the past four decades, the average annual growth rate of China’s GDP reached 9.5 percent. The rapid growth is a miracle in global economic his- tory and a significant driver of global growth. The once relatively isolated nation has stepped into a new and open era, with its closed and planned economy replaced by an open market economy. Hundreds of millions of people have moved out of poverty, a feat that took developed countries several centuries....
source : http://www.vikilix.com/2020/03/07/china ... ent-goals/

That would be great news if it was a democracy, and not one of the most corrupt and evil dictatorships around. Now Xi has had himself made president for life. How many times has that turned out well?

[late]

In the past four decades, the average annual growth rate of China’s GDP reached 9.5 percent. The rapid growth is a miracle in global economic his- tory and a significant driver of global growth. The once relatively isolated nation has stepped into a new and open era, with its closed and planned economy replaced by an open market economy. Hundreds of millions of people have moved out of poverty, a feat that took developed countries several centuries....
source : http://www.vikilix.com/2020/03/07/china ... ent-goals/

Young economies often grow at double digit rates. So that tracks. Where it's different is that China held the value of the yuan down to increases trade. That delayed the maturation of their economy.

IOW, they could have, and should have, had more wage growth than they did.

In addition, the country's a bit of a mess. How it's various problems interact with it's transition to being a mature economy is anybodys guess.

One of the things that complicate matters is it's an unusual economy, what with the oversized role on government, the corruption and lack of transparency in finance, extreme pollution, and the logistical issues their businesses face.