Introduction
Since the initiation of economic reforms in 1979, China has become one of the world¡¦s fastest-growing economies. From 1979 to 2005 China¡¦s real GDP grew at an average annual rate of 9.6% (Morrison , 2006). Foreign Direct Investment (FDI) was one of the main pillars of reform. With its entry into the World Trade Organization, the opportunities for companies from overseas to invest in China are expect to increase significantly in the coming years. However, this is one of the many images that China currently portrays to attract foreign investment and increase its global influence. This paper intends to shed light on the CCP government¡¦s increasingly short-termist reforms which seem to lack in depth and efficiency. Although the country has made significant progress in liberalisation, the regulatory system and in the battle for reduced corruption, the country has not complied to its WTO commitments. The state has attempted to urbanise at the expense of......
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Approximate Word Count: 6203
Approximate Pages: 24 (260 words per double-spaced page) |