China has been a centrally planned economy for about forty years but recent market-oriented
economic reform has brought significant change, especially to the rural
economy where there has been a remarkable development of township, village and
private non-agricultural enterprises (the TVP sector). In 1971 the share of the TVP
sector in China's industrial production was 3 per cent. By 1986 it had increased to 21
per cent (Byrd and Lin, 1990).
The TVP firms operate in a more competitive...[Show more]
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