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#china #chinanews #chinapoverty China has undergone a remarkable transformation in the last 30 years. From a country struggling with poverty and political isolation, it has become a global economic powerhouse and a major player in international affairs. This is a story of China's achievements in the last 30 years. In the late 1970s, China was a country still reeling from the effects of the Cultural Revolution. Its economy was stagnant, and its people were impoverished. However, in 1978, China embarked on a new path with the introduction of economic reforms by Deng Xiaoping. These reforms aimed to modernize the economy, attract foreign investment, and increase China's global competitiveness. One of the first steps was the establishment of Special Economic Zones (SEZs), where foreign companies could invest and operate with fewer restrictions. These zones were successful in attracting foreign investment, and soon, other regions of China began to emulate their success. Over the next few decades, China's economy grew at an astonishing rate. Its GDP grew by an average of 10% per year, lifting millions out of poverty and creating a burgeoning middle class. China became the world's largest exporter and the second-largest economy, behind only the United States. China's achievements were not limited to economics, however. The country invested heavily in education and research, leading to breakthroughs in fields such as renewable energy and space exploration. China became the first country to land a spacecraft on the far side of the moon in 2019, and it is also home to the world's largest radio telescope. China also became a major player in international affairs, using its economic and diplomatic clout to expand its influence around the world. It established the Belt and Road Initiative, a massive infrastructure project connecting Asia, Europe, and Africa, and became a vocal advocate for globalization and free trade. However, China's rise has not been without controversy. Its human rights record has been criticized by the international community, and its assertiveness in the South China Sea has caused tensions with its neighbors. Nevertheless, China's achievements in the last 30 years are undeniable, and the country shows no signs of slowing down anytime soon. Please, consider SUBSCRIBING: iChongqing, get to know the secret metropolis of China. Latest news, business opportunities, travel guides, and traditional food and culture. Everything about Chongqing in one place, you can find us here: WEBSITE: FACEBOOK: TWITTER: INSTAGRAM: LINKEDIN:
