Zhang, Xiao Guang
The economic reforms and the open door policy introduced in the late 1970s were
designed to transform the economy from a centrally planned to, at least partially, a
market-oriented system in which factors of production and natural resources could be
allocated and utilized efficiently. As a crucial component of this reform package, the
domestic economy has been opened up to the outside world to gain more benefits from
international trade and foreign capital inflows. As the Chinese economy...[Show more]
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