Cai Fang is one of China's most distinguished economists. This book elucidates the worldwide significance of China's economic development over the past 70 years from the perspectives of economic history and growth theory.

Cai Fang is Academician of Chinese Academy of Social Sciences and Member of Monetary Committee of the People's Bank of China. His main research areas include labor economics, population economics, economic growth, income distribution, China's economic reform, etc. His recent publications include China's New Normal, Supply-side, and Structural Reform, Economics of the Pandemic: Weathering the Storm and Restoring Growth (editor), Demographic Perspective of China's Economic Development, Perceiving Truth and Ceasing Doubts: What Can We Learn from 40 Years of China's Reform and Opening-Up?, Routledge Handbook of the Belt and Road (editor-in-chief), among others.

Part 1 Perspectives of Economic History and Growth Theory 1. Contributions Made by One Fifth of the World's Population 2. The Development Track of Chinese Economic History 3. Re-understanding the Needham Puzzle from the Growth Perspective 4. Dual Economy as a General Development Stage Part 2 Narrative of Reform, Opening-up, Development and Sharing 5. What can be learned from China's experiences? 6. Background, Logic and Contributions of Rural Reform 7. Urbanization in the Development of Reform and Opening up 8. Resource Reallocation Effect of Reform 9. China's Concept and Practice of Poverty Alleviation and Its Global Contribution 10. Understanding the Deceleration of China's Economic Growth Part 3 The New Scientific and Technological Revolution and High-level Globalization 11. Globalization, Convergence and China's Economic Development 12. Political Economics in Globalization and China's Strategy 13. Supply of Global Public Goods and China's Solutions 14. New Technological Revolution and Reflections on Economics