China this year celebrates the 30th anniversary of the economic reforms launched by Deng Xiaoping and there are plenty of reasons to think the country could enjoy another 30 years of high growth.

Urbanisation has been one of the main driving forces and by some calculations the process is only half-complete. Despite all the progress since 1978, China is still a much poorer country than most people realise – it is not even in the top 100 in the International Monetary Fund’s ranking of gross domestic product per capita. That means plenty of room to keep playing catch-up.