At 70, China cheers its past as world braces for its uncertain future

Rulers face economic risks and nervous neighbors after decades of growth

20190930 70th Anniversary

Police on patrol near a flower ornament marking the 70th anniversary of China on Sept. 29 in Beijing (Photo by Ken Kobayashi)

CK TAN, Nikkei staff writer

BEIJING -- China has much to celebrate as it marks the 70th anniversary of the People's Republic this week.

Over 850 million people have escaped poverty since the government adopted a market-oriented economy in 1979, a feat the World Bank called "remarkable."

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