BBCNEWS Business Briefing July 14, 2024
Let us talk about that big celebration. China is marking its 70th anniversary and with it one of the most extraordinary and rapid economic transformations in history. From a relative financial minnow, the communist state has grown to become the worlds second biggest economy. As you can see from this graph, chinese economic expansion accelerated dramatically in the 1990s as a result of mass privatisations, and the opening up of the country but to Foreign Investment. But after decades of super charged growth the asian powerhouse only grew by 6. 2 year on year in the Second Quarter a far cry from...