Final answer:
The term 'The Dragon Rises' symbolizes China's emergence as a major economic power. This rise is attributed to economic reforms, a large labor force, and active global investments. China's journey to industrialization involved modernizing its economy and opening up to international trade.
Step-by-step explanation:
The term 'The Dragon Rises' is often used to describe the rapid economic growth and industrialization of China. After being weakened by European influence and witnessing the rise of Japan as a world power, China embarked on a journey to reclaim its position on the world stage. Having suffered from foreign interventions and internal conflicts, China was late in industrializing compared to Western nations.
Several factors have contributed to China becoming an industrial power. Economic reforms initiated in the 1980s by leaders like Deng Xiaoping modernized the economy and opened China up to foreign trade and investment. Additionally, a historical precedent was set during the Song Dynasty, which experienced significant industrial growth. China's contemporary rise has also been fueled by its large population, which provides a plentiful labor force and a booming internal market, as well as aggressive investments both domestically and abroad, including lending to nations such as the United States.
China's recent industrial growth can be traced back to economic and policy reforms, the establishment of Special Economic Zones (SEZs), and an emphasis on manufacturing and export-oriented industries. These actions have turned China into an 'economic dragon' of Asia, mirroring Japan's earlier economic success. The transition from a communist nation to one that embraces certain aspects of capitalism has cemented China's position as a global industrial titan.