ABSTRACT
One of the biggest events that have taken place over the past 30 years in the world economy is the rapid rise of China as an economic power. This has gone far beyond the conventional anticipation of international experts, and even beyond the anticipation of the Chinese government. The 1987 13th National Party Congress visualized for 2000 a GNP growth quadruple that of 1980 (Zhao 1987), but in fact it reached 6.55 times of 1980’s GNP (State Statistical Bureau 2007a). The 1997 15th National Party Congress visualized a GDP growth double that of 2000, for the first decade of the twenty-first century (Jiang 1997). The 2002 16th Party Congress put forward the 2020 GDP goal of quadruple that of 2000, averaging an annual growth of 7.2 per cent (Jiang 2002). However, the actual GDP growth by 2006 was 74.9 per cent more than the 2000 GDP, averaging an annual growth of 9.8 per cent (State Statistical Bureau 2007a). Signs indicate that China will maintain a sustained and accelerated growth in the next 15 years. It could be called the China miracle (Overholt 1994; Lin et al. 1994). There had been a British miracle, an American miracle, a German miracle, a Japanese miracle, and the four Asian dragon miracles in the past 250 years. Now, the world is paying attention to the China miracle, as well as the Indian miracle.
