Difference between revisions of "Chinese Foreign Economic Policy"
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Revision as of 01:43, 7 October 2010
Despite being lead by the Chinese Communist Party, The People's Republic of China has gradually liberalized its foreign economic policy since 1978 and the rise of Deng Xiaoping. Before the mid 70's, the PRC was relatively autarchic, largely due to Chinese isolation after the Sino-Soviet split and the Cultural Revolution, when China suspended all diplomatic ties. In 1978, Deng Xiaoping started his policy of "Reform and Opening up" which started the gradual transformation of China's economy from relative autarchy and central planning, to an open, liberal, free market economy. In 2001, China became a member of the WTO, and now has the second largest economy in the world, behind the United States.
China's Foreign Monetary Policy
Lots to write here, will continue tomorrow.
