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China Daily / 2024-09 / 05 / Page016

Green mountains, lucid waters golden assets

By Asit K. Biswas,Tang Qiuhong and Cecilia Tortajada | China Daily | Updated: 2024-09-05 00:00
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Editor's note: This year marks the 70th anniversary of the people's congress system. Five experts share their views with China Daily on how the rule of law and whole-process people's democracy safeguard the overall development of the country.

China's reform and opening-up have unleashed untold economic forces. China's per capita GDP of $156.8 in 1978 was significantly lower than another major developing country, India ($206.07). But reform and opening-up transformed China's development landscape, with the country moving from being a planned economy to a market-oriented economy.

The emergence of new economic forces, thanks to reform and opening-up, contributed to double-digit GDP growth for an unprecedented three decades, which is unparalleled in history. Consequently, by 2023, China's per capita GDP had skyrocketed to $12,614.1 compared with India's $2,484.8. In other words, China's per capita GDP, which was only 76 percent of India's in 1978, became more than five times that of India in the next 45 years.

Report cites rights progress in Tibet

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