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Showing the structure of a closed economy for many years in China, in the early 1980s, stopped the practice of collective farming and allowed private enterprise again. Currently, China is the world’s largest exporters and attract foreign investment to record levels. Has earned the right to join the World Trade Organization. In this way, China will win the right to have easy access to foreign markets, but will be open to foreign competition. In this situation, and to increase private sector investment in power monopoly and the state still maintains control over individuals, tight.
In December 2001, the World Trade Organization of the People’s Republic of China for 15 years and completed the negotiations for continuing the government, including the trade regime, particularly the various structural changes in the economy will go, and has promised to act with international trade rules. The years immediately after the signal has a high rate of growth, trading volume records were broken and the most attractive foreign direct investment in the PRC has been the center of attraction. The world’s second largest economy in purchasing power is calculated, under normal circumstances, the PRC will rise to first place in this ranking in 20 years.
Last 10 years, reaching 10% development rate continues to be a stable, ‘the century of new global power’ became known.
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