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How CHINA changed through the years

China, the world's second largest economy will continue to see an economic boom.

The average saving rate for Chinese urban households has doubled in recent years, rising from 15 percent in the early 1990s to 30 percent in 2009.

China and its enterprising people have come a long way to earn an enviable status globally.

Here are glimpses from China's incredible success story

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How CHINA changed through the years

Teenagers dressed in cosplay costumes wait to perform at the 2010 China (Hefei) Digital Entertainment Carnival in Hefei, Anhui province.

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How CHINA changed through the years

Buses and electrical trolley buses mingle with bicycles and pedestrians at a crossroad near Chongwenmen in Beijing in 1984.

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How CHINA changed through the years

Vehicles on Three Ring Road (left) and Jianwai Street (right) during the evening rush hour in central Beijing.

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How CHINA changed through the years

A child sitting on a roadside snooker pool plays with her mother in Beijing in 1983.

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How CHINA changed through the years

Children play in water fountains next to the National Stadium, also known as the Bird's Nest, during the Beijing 2008 Olympic Games.

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How CHINA changed through the years

People offer sewing services at an open market in Quanzhou, Fujian province, in 1982.

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How CHINA changed through the years

An employee looks up while working along a production line at Suzhou Etron Electronics factory in Suzhou, Jiangsu province, June 8, 2010.

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How CHINA changed through the years

Drivers talk on a steam locomotive at the Yongdingmen railway station in Beijing in 1981.

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How CHINA changed through the years

A female construction worker watches a train pass on the new high-speed railway line between Shanghai and Hangzhou on the outskirts of Shanghai, October 26, 2010.

How CHINA changed through the years

People perform Arhat exercise, a form of traditional Chinese fitness, at a park in Beijing in 1988.

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How CHINA changed through the years

Locals dance during a morning exercise session at the Temple of Heaven park in Beijing, May 23, 2010.

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How CHINA changed through the years

Black-and-white TV sets are displayed at a department store in Xidan, one of the three traditional shopping streets, in Beijing in 1981.

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How CHINA changed through the years

Customers at an Internet cafe in Hefei, Anhui province July 1, 2009.

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How CHINA changed through the years

Residents hold tape recorders to record folk songs during a singing contest in Guilin, Guangxi Zhuang autonomous region in 1988.

How CHINA changed through the years

A man sings in a local karaoke club during a night out in Shanghai, February 23, 2008.

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How CHINA changed through the years

Villagers attend a rally in Longxian County, Shaanxi province in 1990.

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How CHINA changed through the years

Attendants serve tea to delegates during the opening session of China's parliament, the National People's Congress, at the Great Hall of the People in Beijing, March 5, 2008.

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How CHINA changed through the years

A worker repairs a pillar in front of a statue of the late Chinese leader Mao Zedong in Yingkou, Liaoning province in 1994.

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How CHINA changed through the years

A spectator waves a Chinese flag in front of a statue of Chairman Mao Zedong in Kashgar, Xinjiang province, June 18, 2008.

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How CHINA changed through the years

Chinese prisoners return to their compounds at Jiangbei Prison in the central province of Hubei after working in the fields and collecting cotton branches for firewood in 1998.

How CHINA changed through the years

A Chinese national flag flies above male inmates as they watch a performance to mark the International Day against Drug Abuse and Illicit Trafficking at Kunming Municipal Compulsory Rehabilitation Centre in Kunming, Yunnan province, June 16, 2011.

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How CHINA changed through the years

People push their bicycles across a railway track during rush hour in Shanghai in 1991.

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How CHINA changed through the years

A cyclist rides along a bicycle lane in Beijing, November 19, 2007.

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How CHINA changed through the years

A boy and his father display their soccer skills on a roadside in Beijing in 1981.

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How CHINA changed through the years

Shaolin students play soccer at Tagou Wushu School in Zhengzhou, Henan province, July 11, 2010.

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How CHINA changed through the years

Chinese soldiers rescue residents from a flooded market in Chengdu, in southwest Sichuan Province, in 1998.

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How CHINA changed through the years

Rescuers carry two children on a flooded street in Fuzhou, Jiangxi province, June 23, 2010.

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How CHINA changed through the years

Locals walk past a barbershop in the Sanlitun area of Beijing in 1982.

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How CHINA changed through the years

Shop owner Gong Chui Zhen fixes trousers at the entrance to her shop in an old quarter of Shanghai, August 12, 2009.