Title: How much China's economy has grown over the last 70 years
Headings: Here are 4 charts that show China’s rise as a global economic superpower
Here are 4 charts that show China’s rise as a global economic superpower
Key Points
China’s climb up the ranks
Chinese leadership
Factory of the world
Investment boom

Content: But when taking into account the different standards of living across countries — also known as adjusting to purchasing power parity — the Chinese economy has been the world’s largest since 2014, according to the World Bank. Chinese leadership
Under the leadership of Deng Xiaoping, one of the most prominent and powerful leaders of the country in the 1970s, China kicked off a series of reforms in 1978 that brought the country out of economic isolation. Growth accelerated in the years after that, averaging at around 10% before slowing down to an average of 7.1% under current president, Xi Jinping. However, a study released in March by the Brookings Institute estimated that China may have overstated its GDP growth from 2008 to 2016 by 1.7 percentage points. Factory of the world
One major driver behind China’s economic rise was its massive network of factories that churned out everything from toys to mobile phones for consumers all over the world. China’s entry into the World Trade Organization in 2001 helped it cement its status as the world’s factory and largest trader. In the McKinsey report which analyzed 186 countries, China was found to be the largest export destination for 33 nations and the largest source of imports for 65. Investment boom
In addition to its dominance in trade, China has also grown over the years to become a major player in global investment flows. From 2015 to 2017, it was the world’s the second-largest source of outbound foreign direct investment and the second-largest recipient of inbound investment, according to McKinsey.