If China's economy grows as fast for the next 20 years as it has for
             the past 14, it will be the biggest economy on earth:
             I feel that China's drastic improvements over the last 14 years are
             overwhelming, with their Real GNP growing at a rate of 9% a year, which
             means by, 1994, China's economy will match the performance of countries
             like Japan and Taiwan. China's standard of living has also increased, and
             the number of people who were considered absolutely poor decreased
             approximately 63%. I feel with the vast amount of people living in China,
             and the economic activity booming like it is, China's exports will continue
             to grow, as well as the standard of living. This will create more revenue,
             and more capital for them to produce even more goods and become even
             larger, prospering as one of the biggest economies on the earth. I also
             feel that China should try to overcome its corrupt system and steadily move
             Competition has been the key to China's success:
             I believe that competition has been the key to China's success. When
             Mr. Deng opened the free market, it brought the first signs of the farmers
             becoming more rich since the 1950s. His political genius allowed the
             farmers to become rich. He also introduced the "open-door policy" which is
             proving to be very beneficial, as they follow in the footsteps of their
             strong rich neighbours. Mr. Perkins believed four conditions must be met
             for a market system to work well in reforming centrally planned economy. I
             believe if China continues to improve its productivity, and the number of
             monopolies decrease as studies show, China will move into a capitalist
             front only to prosper. An Inflationary crisis within two years will test
             The 14th Communist Party Congress, set the official seal on the fourth
             wave of economic reform. Market Splinteri
             ...