Business, Management and Accounting
8 years ago

China's Economic Transformation: Embracing Foreign Investment for Growth and Prosperity.

Palgrave Macmillan UK eBooks
Foreign Investment Strategy
Francis A. Lees

Paper Summary

China's economic policy shifted in 1979 to welcome more foreign investment. This change led to increased openness, decentralization of economic policy, and growth in foreign trade. Laws like the 1979 Law on Joint Ventures helped create a better environment for foreign investment in China.

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