China’s growth in recent decades is an economic miracle. By taking 728 million people out of the UN-defined poverty line (contrasting to only 152 million by the whole rest of the world since 1981), China has become an undoubted second largest economy with nearly 39% (in 2016) contribution to the world economic growth. China’s economic structure is evolved adaptively, from a central-government ruling economy to a market-oriented one, writes Professor Ying Zhang, RSM.