Explain briefly the elements of China's …
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Posted by Manav Sharma 4 years, 11 months ago
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Meghna Thapar 4 years, 11 months ago
The Gross National Income (GNI) of China is $11,850. There is only high human development in China rather than very high development because, although the country is improving, it hasn't improved enough. Since it has improved it isn't in the medium or low category. China is in stage 4 of Rostow's Modernization Model. 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.
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