The Economic Rise of China and Its Implication on Global Trade

China has witnessed one of the largest economic transformations in history over the past four decades. Once a largely rural and far-flung nation, China is now the world's second-largest economy, a global hub of manufacturing, and a significant global player in international trade. Its ascent has reshaped global economic trends, affected political relationships, and provided opportunities as well as challenges for countries all over the world. This article examines China's economic emergence, the reasons for growth, and how its emergence continues to reshape global trade, investment, and geopolitics. #1 The China Economic Transformation: From Isolation to Integration: Until the late 1970s, China's economy was a centrally planned one under strict government control with an emphasis on self-reliance and limited foreign trade. All this was reversed in 1978 when Deng Xiaoping took over with the policy of "Reform and Opening-Up" that transitioned China to a market ...