The Chinese economy has been developing at a tremendous pace for the last three decades. The level of growth has been touching almost double digit figures. In 2010 China surpassed Japan and became the number two economy in the world. It also managed to lift a large number of its people out of poverty, a feat which is quite praise worthy. Apart from this it has also been developing its military capabilities at a break neck pace. However, this is just one side of the development story.

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