Growth miracle stuns world

Editor's note: July 1, 2023, marks the 102nd anniversary of the founding of the Communist Party of China. Three experts share their views on the Party's governance and the far-reaching impacts of its leadership on the country's economy, trade, people's livelihoods and culture.

Starting from the late 1970s, when the reform and opening-up policy was launched, the Communist Party of China has focused on de-collectivization of agriculture, opening up the country to foreign investment and advanced technology, and encouraging entrepreneurship.

With nationwide industrial takeoff, economic reforms broadened, while price controls, and protectionist policies and regulations were lifted.