Economic Overview - In 2021, China's GDP reached 114.4 trillion yuan, growing by 8.1% year-on-year, equivalent to approximately 17.7 trillion USD, accounting for over 18% of the global economy, solidifying its position as the second-largest economy in the world [1] - The historical context highlights that during the Song Dynasty, China accounted for 60% of the world's GDP, and even during the Qing Dynasty, it held 35% before being surpassed by Western countries due to the Industrial Revolution [1] Historical Context - The establishment of a unified state in China began with the Qin Dynasty, followed by the Han Dynasty, which defined the Chinese nation. Population growth was significant during stable periods, with the Han population increasing from 18 million to 60 million in about 200 years [3] - The Ming Dynasty saw a population increase from under 60 million to over 200 million by the early 17th century, while the Qing Dynasty's population grew from 120 million to over 430 million by the 19th century due to stable agricultural conditions [3] European Context - In contrast, Europe was fragmented into numerous feudal states post-1453, leading to frequent wars and a smaller population due to the instability of the "Dark Ages" [5] - The rise of the Ottoman Empire disrupted trade routes, increasing costs for Western nations, which relied heavily on trade with China for resources [5] Industrial Revolution - The search for new trade routes led to the Age of Exploration, with European nations seeking maritime paths to Asia, culminating in the discovery of the Americas by Columbus in 1492 [7] - The need for labor to process the vast resources from colonies prompted European countries to innovate and develop machinery, marking the beginning of the Industrial Revolution [7][10] - By the late 18th century, the introduction of the spinning jenny and the steam engine revolutionized production, leading to the mechanization of the textile industry in Britain [10][12] - The transition from hand production to machine-based manufacturing in the cotton industry was largely completed by 1830, establishing Britain as the first industrialized nation [14] Conclusion - The Industrial Revolution represented a significant leap in productivity and wealth creation, enabling Britain to become a dominant global power, often referred to as the "empire on which the sun never sets" [14] - The conditions that led to the Industrial Revolution were unique to Britain, as other nations lacked the necessary preconditions to replicate this transformation [14]