Overview

Abstract

In the past 16 years, while many countries have been suffering economic recession or stagnation, China has experienced an economic boom of proportions rarely if ever attained in world history. As many indicators suggest that this expansion will continue, its economy promises to become thoroughly modernized within a few more decades. In the view of many economists, its economy many well become the largest in the world, surpassing even that of the United States by perhaps as soon as 2015.