ABSTRACT
China’s most significant achievement since reform and opening began 30 years ago is its fast development: from 1978 to 2008 China’s economy grew at an annual rate of 9.8 percent. The development miracle demonstrated by China’s path was brought about by a variety of factors, which include the establishment of a socialist market economic system full of vitality and the realization of the rapid advance of industrialization and urbanization in the social field. These factors certainly also include a low population growth rate, an adequate supply of labor, the continuous decline of the social dependency ratio, and so on. Other very important factors are the mobilization of the enthusiasm of the masses and, especially, the transfer of hundreds of millions of farmers from agricultural work to non-agricultural fields such as the industrial and service sector, which greatly improved the labor productivity of the whole society to make “Made in China” a new phenomenon that has captured the attention of the entire world.
