Since China's economic reforms in the late 1970s (in farm privatization) and early 1990s (in most cities), the Chinese economy has enjoyed three decades of economic growth rates between 8 and 10%.[22] The Indian economy began a similar albeit slower ascent at the end of the 1980s and early 1990s, and has averaged around 4% during this period, though growing slightly over 8% in 2005, and hitting 9.2% in 2006 before slowing to 6% in 2009,[23] then reaching 8.9% in 2010.[24]