Industrialization Process: China and Colonies Semi-Colonies

industrialization process: The founding of the PRC has changed the global political landscape, encouraging people in colonies and semi-colonies, who were seeking liberation and independence as well, according to Global Times China. China has been playing a pivotal role in safeguarding global peace and multipolarization. Within seven decades, China has completed the industrialization process which developed countries took hundreds of years to achieve and grown to become the second-largest economy from wallowing in poverty and bleakness. In spite of twists and turns along the way, China's development is of great significance to the world. In 1952, China's GDP stood at 67.9 billion yuan 9.55 billion ; while the figure exceeded 90 trillion yuan 12.66 trillion in 2018, an increase of 1,325 times. Great changes have taken place in terms of economic development in China over the past 70 years. (news.financializer.com). As reported in the news.