Demographics https://blogs.worldbank.org/growth/taxonomy/term/5127/all en China: The Morphing Dragon https://blogs.worldbank.org/growth/china-morphing-dragon <div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> <img alt="" src="https://farm3.staticflickr.com/2057/1543141169_6e82c3fe0e.jpg" style="width:300px; height:202px; float:right" /></p> <p> The Chinese economy has changed dramatically over the last three decades. While its per-capita income was only a third of that of Sub-Saharan Africa in 1978, it has now reached an upper-middle income status, lifting more than half a billion people out of poverty. The numbers are dramatic: per capita income has doubled for more than a billion people in just 12 years. What was once a primarily rural, agricultural economy has been transformed into an increasingly urban and diversified economic structure, with decentralization and market-based relations rising relative to the traditional government driven command-based economy.<br /></div></div></div> Wed, 22 May 2013 18:18:00 +0000 Otaviano Canuto 8860 at https://blogs.worldbank.org/growth