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To what extent have the Chinese people benefitted socially and economically from the reforms to the economy.
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Michelle Moran 5E China Essay Question: To what extent have the Chinese people benefitted socially and economically from the reforms to the economy. (20 marks) China's economic controls have changed dramatically over the past twenty or so years. For example, there have been developments of TVE's (Township and Village Enterprises) These joint ventures account for 35% - 40% of economic growth. TVE's are rural enterprises which are owned and run by towns, villages or households. An example of a TVE is Ma Bei. Hi - tech industries such as open cast mines have made real profits in this area. Higher wages in TVE areas lead to the "8 big new things." This includes home ownership, a car, holidays etc. TVE's have helped to establish a market economy. There has also been an increase in SEZ's (Special Economic Zones) Like TVE's, these are also based on joint ventures. People are encouraged to invest and start...
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