It has been seen that technological development often leads into political supremacy and China at this point is well approaching the summit occupied by top nations of the day . Economic Reformation and Development of China The People 's Republic of China has an economy , which is graded as the fourth largest economy in the world , when measured by nominal GDP . Its cost-effective productivity for 2006 was 2 .68 trillion USD . Its per capita GDP is rising rapidly . According to the...











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