China

The author, based on the concept of modernization development, examines the example of China political and economic aspects of this process in the XVII-XXI centuries. During this time, the country has passed a complex and controversial path from a monarchical regime to market socialism. The econometric analysis, covering the period 1955-2017, uses a general growth model that takes into account not only physical and human capital, but also time as an event space of creative economic activity.