How has China changed and evolved over the last 40 years?

The Impact of a changing society on China 
Globalization has brought significant positive effects to China, including massive poverty reduction, economic growth, and improved living standards for many citizens. It has also facilitated technological advancements, increased trade and investment, and enhanced global competitiveness.

Poverty Reduction:
China has lifted hundreds of millions of people out of poverty through its integration into the global economy, according to Asia Society.

Economic Growth:
Globalization has spurred significant economic growth in China, with GDP expanding dramatically and China becoming a major global economic power.

Increased Trade and Investment:
China's external trade has surged, and it has become a major recipient and source of foreign investment.

Technological Advancement:
Globalization has facilitated the transfer of technology and management expertise to China, contributing to increased total factor productivity and innovation.

Improved Living Standards:
The economic growth fueled by globalization has led to improved access to education, healthcare, and basic amenities for many Chinese citizens, notes the Centre for International Relations and Sustainable Development (CIRSD).

Global Manufacturing Hub:
China has become a global manufacturing powerhouse, producing a wide range of goods at lower costs, benefiting both Chinese consumers and consumers worldwide.

Increased Competitiveness:
Globalization has spurred competition, pushing Chinese companies to become more efficient and innovative.