In the 1980s, embracing capitalism to an increasing degree, China's
economy grew at a rate of 9.5 percent. In 1992 it grew 12. 8
percent, rising to 13.4 percent in 1993. Cumulatively, this is the
greatest sustained growth in human history. Even if it slows
substantially it is likely to surpass the economy of the United
States early in the twenty-first century. Overholt, who holds a
Ph.D. from Yale University, is a managing director of Bankers Trust
Company in Hong Kong and the author of several books. Based in Hong
Kong since 1985, he has traveled widely in China and has served as
political adviser to several of Asia's major political figures.
This book is his account of China's remarkable growth, told
authoritatively and in unique detail by a close and astute
observer.
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