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Economic History of Modern China, Hardcover by Chai, Joseph, Like New Used, F.... Annotation ©2012 Book News, Inc., Portland, OR (). Economic History of Modern China, Hardcover by Chai, Joseph, ISBN 1847209378, ISBN-13 9781847209375, Like New Used, Free shipping in the US China has displaced Japan as the world's second-largest economy, and is set to overtake the US as the largest one in the near future. Yet China's economy has had dramatic swings in its long history that have rarely been surveyed. While focusing primarily on China's economic growth in the last two centuries, Chai (Research Grants Council, Hong Kong) first presents his analysis of why the Industrial Revolution started in 18th century England rather than 14th century China, when it was outperforming European countries. Chapters treat China's transition to a modern economy, its growth pattern in the Maoist period, and reforms as a market economy since 1979. The volume includes a chronology, and supporting statistical tables and figures. Annotation ©2012 Book News, Inc., Portland, OR ()