China's economic development has transformed the country from a primarily agrarian society into the world's second-largest economy. Since the late 1970s, under the leadership of Deng Xiaoping, China implemented market-oriented reforms, opening up to foreign investment and trade. This shift led to rapid industrialization and urbanization, significantly improving living standards for millions. Today, China is a global manufacturing hub, producing a wide range of goods, from electronics to textiles. The country continues to invest in technology and infrastructure, aiming to transition towards a more sustainable and innovation-driven economy, while also addressing challenges like environmental concerns and income inequality.