Chinas Economics

lowing them to sell a portion of their crops on the free market. The government also established four special economic zones to attract foreign investment and boost exports and imports. The decentralisation of economic control of various enterprises was given to provincial and local governments. This allowed enterprises to operate more freely and competitively, rather be controlled by the central government. Some coastal regions and cities were designated as open cities and development zones, which allowed people to experience free market reforms and to attract foreign investment. Therefore, the state price controls on good and services were gradually eliminated.
             Starting from the introduction of economic reforms, China's economy has grown proportionately faster than during the pre-reform period (see Table 1). This Chinese statistic shows the growth of real GDP from 1979 to 1998, which is making China one the world's fastest growing e
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Chinas Economics. (2000, January 01). In MegaEssays.com. Retrieved 23:06, October 04, 2026, from https://www.megaessays.com/viewpaper/43861.html