Chinese Economy

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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 government's reformist mettle:

The 14th Communist Party Congress, set the official seal on the fourth
wave of economic reform. Market Splintering: l feel that China should
allow labour to become freer, because this will allow workers to be better
suited towards their jobs, and therefor they workers will be more
effective. Infrastructure: l believe that China has to build a railway
...

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