China has undergone a continuous and spectacular economic growth since the
beginning of the economic reform policy, in the early 1980’s. Along with the rapid economic
takeoff, Chinese economy has experienced a progressive transition from a centrally planned to
a market based economy. The structural transformation of Chinese economy over the past two
decades is striking: Prior to 1978 China was, above all, an autarkic country isolated from the
global economy. Since 1978, it emerged progressively in the global economy as a major
trading partner. Besides, China’s opening up to the world boosted inward foreign direct
investment (FDI). Starting from the late 1990’s, China has become the first recipient of FDI
among developing countries.
China has undergone a continuous and spectacular economic growth since thebeginning of the economic reform policy, in the early 1980’s. Along with the rapid economictakeoff, Chinese economy has experienced a progressive transition from a centrally planned toa market based economy. The structural transformation of Chinese economy over the past twodecades is striking: Prior to 1978 China was, above all, an autarkic country isolated from theglobal economy. Since 1978, it emerged progressively in the global economy as a majortrading partner. Besides, China’s opening up to the world boosted inward foreign directinvestment (FDI). Starting from the late 1990’s, China has become the first recipient of FDIamong developing countries.
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