Once upon a time there was a beautiful kingdom called China. It had stunning mountains, gorgeous valleys, and hundreds of miles of coastline. Its government was sophisticated and efficient. Its leaders dressed in silk.  It was the wealthiest country in the world. Alas, the beautiful kingdom’s glory did not last. Foreigners invaded the land and exploited it. The people tried to resist foreign domination—their failure only made their condition worse.

After a century of humiliation, China is once more a major player in world affairs.It is the world’s second largest economy. 700 million people have escaped poverty. How did China do it?