China Embraces the Market
China's rapid growth of the past two decades is set to continue well into the next century, as reform momentum continues in the post-Deng era. Markets now allocate most resources in China while state planning plays a small and shrinking role. However, China is now entering the more difficult phase of its reforms, developing the legal, administrative and regulatory framework which supports a modern economy. Until this is complete, China will be a challenging and sometimes difficult environment in which to do business. This wide-ranging report maps China's economic achievements over the past two decades and analyses the major potential constraints on future economic growth. It then anticipates future economic developments and the opportunities these will generate for business in Australia and China.
April 1997, 448 pages
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See also: China Embraces the World Market (November 2002)