Global Country Review - China

The economic history of China stretches over thousands of years, under-going alternating cycles of prosperity and decline. For centuries China stood as a leading civilization, outpacing the rest of the world in both the arts and sciences. However, in the late Qing period (1644 – 1912), China's economic development began to slow and Europe's rapid development from the Late Middle Ages and Renaissance onwards enabled it to surpass China; an event known as the 'Great Divergence'. 

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