China's Economy: 60 Years of Progress

Since its founding 60 years ago, the People's Republic of China has been transformed from a centrally planned economy to a market economy. The journey has been fraught with twists and turns on a road paved with hardship, upheavals and reversals. It's been an important process, however, as any search for direction in the course of human development. And it's taught us valuable lessons about the entire process of a planned-to-market economy transformation.