From U.S. Global Investors:

It's hard to grasp the out-of-this-world growth China has experienced over the past few decades. The country's GDP has grown tenfold since Deng Xiaoping's reforms ushered in a new economic era in 1978. However, pessimists point to the low base from which the economic growth began and the fact that Beijing has manufactured this GDP growth via government subsidies.

True, China's economy in the 1970s was less than a blip on the global radar, and the Chinese government has kept the country's economy afloat when activity started to contract. However, these naysayers can't deny that nearly every aspect of Chinese life has experienced a dramatic transformation, especially over the past decade.

The team at CLSA's China Reality Research (CRR) put together a presentation earlier this year that provides some amazing examples of the depth and breadth of this transition. Here are four examples of...

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