Edited: Used poor numbers for GDP ranking. Trying numbers from here: https://pophealthmetrics.biomedcentral.com/articles/10.1186/... but it's not that fast.
PS: Of note the 1950’s GDP was after a long civil war.
Edited: Used poor numbers for GDP ranking. Trying numbers from here: https://pophealthmetrics.biomedcentral.com/articles/10.1186/... but it's not that fast.
PS: Of note the 1950’s GDP was after a long civil war.
If they have fallen in ranking, that is only because a number of countries became independent after WW2, especially in Europe.
After Mao's death the government was pragmatic enough to realise that if they did not kick start the economy the regime would collapse (as it did in the USSR), and they rightly concluded that socialist economic management does not work.
Beyond that, it's difficult to compare with South Korea (since someone else mentioned that country) just due to the population difference.
A better way to look at that same data is that Chinese GDP per capita went from being 6% of the American value in 1950, to 16% of the American value in 2010. Relative to American growth, China has grown about 2.5x as much.
Alternatively, Taiwan makes an interesting case study as it’s the other side of that civil war and had much better Per capita growth while starting slightly higher.
Considering the debt they had to pay back.
Look up: Wirtschaftswunder
https://www.nippon.com/en/in-depth/a04003/lessons-from-the-j...
https://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?conte...
You can play around with that to see
More seriously, every indicators points to a general improvement. In term of economy, China went from representing 4% of the world economy to the 18% mentioned previously.
On a more "individual quality of life" side of things, life expectancy went from 45 years in 1950 to 65 at the end of Mao Zedong era (1975) to 76 years today.
> PS: Of note the 1950’s GDP was after a long civil war.
That's a bit of an understatement... China basically spent over a century in turmoil, starting with the First Opium War then the Second, various revolts, the Boxers Rebellion, the 2 sino-japanese wars (with the second far from a pretty story...) and in the end, a civil war (and that's a very incomplete list). This period is remembered as the Century of Humiliation.
Basically China is regaining its natural place in the world order.
Economically they are 18% of world GDP and 1.7/7.7 = 18% of world population. So, it’s going to get increasingly hard to improve.
0: https://www.nationmaster.com/country-info/stats/Economy/GDP-...
1: https://www.nationmaster.com/country-info/stats/Economy/GDP/...
Edit: Why the downvotes? The parent comment wrote "Communist Party China".
Addendum: CCP can be interpreted as the Chinese Communist Party.
It means C preprocessor.