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The Political Economy of China Easter26 he will have played theChinas economic rise over the last four decades has been as confounding as it has been impressive. Few economies have grown as fast and changed the lives of so many people in such a short time. How is it that a nominally Communist state has been able to achieve this economic miracle? And what are the consequences of this rapid transformation into a global economic powerhouse both inside China and abroad? The Political Economy of China is a lively and