Reform and Opening Up: Difference between revisions

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From 1952 to 1978, labor productivity in industry and construction increased 2.11x, while from 1978 to 2003, it increased 6.21x. In yearly measurements, from 1978 to 2003 grew 6.5% per annum, compared to the 3.7% from 1952 to 1978.<ref name=":53">Chinese Econonomic Performance in the Long Run: 960–2030 AD by Angus Maddison, page 80</ref> Labor productivity as a percentage relative to the USA grew by 4.3% from 1978 to 1994, compared to 0.4% from 1952 to 1978.<ref name=":32" />
From 1952 to 1978, labor productivity in industry and construction increased 2.11x, while from 1978 to 2003, it increased 6.21x. In yearly measurements, from 1978 to 2003 grew 6.5% per annum, compared to the 3.7% from 1952 to 1978.<ref name=":53">Chinese Econonomic Performance in the Long Run: 960–2030 AD by Angus Maddison, page 80</ref> Labor productivity as a percentage relative to the USA grew by 4.3% from 1978 to 1994, compared to 0.4% from 1952 to 1978.<ref name=":32" />
== References ==