Economic Development Miracle in the People’s Republic of China

  • ณัฐพล ขันธไชย Kasem bundit University
  • พนิดา ชินสุวพลา
  • นิคม เจียรจินดา


The past 3 decades have seen GDP per capita in the People’s Republic of China rapidly rising about 31.3 times. Important policy measures that drove the Chines economy over the years included the political paradigm shift, four modernizations, roles of the government, national economic and social development plans, institutional and structural reorganization, special economic zones, and reform in the countryside. It is envisaged that the People’s Republic of China would become High Income Country by no later than 2027.


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