Can we recreate China's path out of poverty?

The rest of the world is lagging behind, what can they do to recreate China's immense growth to drive their citizens out of poverty? Since market reforms in 1970, China has lifted more than 800 million people out of poverty. From nearly 90% poverty rates in 1981, only 2% of the current Chinese population is in poverty.

What is China doing differently? They have implemented proper policies at the right time and took advantage of the rise of globalization. In 1978, Deng Xiaoping focused first on improving his nation's agricultural growth. When companies began shifting to factories from the developed nations, wages were low in China. China took advantage of this shift in globalization and became a hub for manufacturing. By the early 2000s, China had infrastructure that was comparable to developed nations.

It seems that all the pieces fell together perfectly for China. The question is, what lessons can other nations take from China's rapid development?