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Inclusive Growth?–China Struggles to Reconcile Rising Wealth Disparities

DEVELOPMENTS Over the last three decades, China’s economic development has been nothing short of astounding. Since the government began its economic “opening and reform” in 1978, more than 400 million Chinese have been lifted out of poverty . China became the global leader in exports and home of the largest automobile market in the world in 2010, and some economists estimate that, within the next decade, China will surpass the United States to become the world’s largest economy . Although this