Impact of trade and foreign investments on the industrial change in China

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The essay examines the transformative economic reform process in China since 1978, detailing its shift from a centrally planned economy to a socialist market economy with unique Chinese characteristics. A key focus is on the promotion of foreign direct investment and trade liberalization, which have been pivotal in reshaping the economic landscape of the People's Republic of China. The analysis highlights the implications of these reforms for China's growth and integration into the global economy.