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China's political, social and economic problems
Member rating: No Rating | Words: 3600 | Submitted: Tue Feb 26 2008
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Q. what are the domestic and external economic foundations upon which China is building its success, what economic, social, and political problems has this process of structural adjustment encountered, and how has the government tried to overcome them? Name In this essay I will argue about the domestic and external economic foundations upon which China is building its success. The People's Republic of China has one of the fastest growing economies in the world. China's huge and consistent economic growth reflects the success of China's economic reforms. Economic growth of China since the early 80s is remarkable. "Real GDP per capita grew by 8% to 9.5% annual growth in the 1978-1995 and 1989-98 periods respectively"(1). Whereas the major economic reforms in the 1980s concentrated on the introduction of market mechanisms, key reforms since 1993 focused on economic efficiency and sustainable growth. The aim of the essay is to find out firstly...
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