... surveys the rise of China’s economy, describes major economic challenges facing China, and discusses the implications of China’s economic rise for the United States. China’s Economic Rise: History, ... adoption of economic reforms by China in the late 1970s led to a surge in China’s economic growth and has helped restore China as a major global economic power. Source: The Organization for Economic ... growth. They note that China’s current economic model has resulted in a number of negative economic (and social) outcomes, such as over-reliance on fixed investment and exporting for its economic...