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China Marks 40th Anniversary Of Unprecedented Growth & Development

Unic Press UK: China is celebrating the 40th anniversary of reforms – from 1978 to 2018 – which has been yielding unprecedented growth and development and has lifted the country to an enviable position among the comity of nations.

The ceremony Tuesday to mark the rapid development and growth of the country would be attended by the leader of the Communist Party of China (CPC) and Chinese President, Xi Jinping, who is expected to address the Chinese people.

From former president, Deng Xiaoping to the current leader, Xi Jinping, the Chinese government has recorded incredible feats, including lifting about half of its total population out of the poverty net. “. . .   740 million people in rural areas out of poverty from 1978 to 2017, roughly 19 million each year”, the Xinhua News reported September 2018, making a reference to a report of the country’s National Bureau of Statistics (NBS).

Xinhua News further explains:

“NBS data shows that China’s poverty relief achievements have contributed more than 70 percent to global poverty alleviation work in the past 40 years. The average annual income of rural residents in impoverished areas rose an average of 10.4 percent each year from 2012 to 2017, up 2.5 percentage points from the average for rural residents. Over the past five years, over 68 million people were lifted out of poverty in China. The country aims to further lift 10 million people out of poverty this year and eradicate poverty by 2020.”

In 1978, that’s forty years ago, when China was being led by Deng Xiaoping – who initiated a range of reforms – the People’s Republic of China had a Gross Domestic Product (GDP) of circa $149 billion. As of 2017, the GDP is in excess of $12 trillion.

As of today, the Chinese are the leading manufacturer of automobile.

According to Global Firepower, China is currently ranked 3rd in military strength; only the Russian Federation and the United States of America are ahead of the communist state.

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