Economics Explained - The Historic Economy of China

Has China reclaimed its throne? 

This is china. The second largest economy in the world, home to the largest population in the world and the most aggressive economic expansion in modern history. Most people watching this video now would have seen china go from a collection of mostly peasent farmers into the economic powerhouse it is today within their lifetimes. The economic development of china has amongst other things also contributed heavily to the massive drop in absolute global poverty we have seen today. Modern day china is so massive and influential that a rundown of its economy will not fit into a single video so just like the previous video’s on the united states we will be breaking it down into a video series with a particular focus per video