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Enterprising ChinaBusiness, Economic, and Legal Developments since 1979$
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Linda Yueh

Print publication date: 2011

Print ISBN-13: 9780199205837

Published to Oxford Scholarship Online: April 2015

DOI: 10.1093/acprof:osobl/9780199205837.001.0001

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(p.1) 1 Introduction
Enterprising China

Linda Yeuh

Oxford University Press

This chapter describes the notable features of China's growth. One of its features is the development of a corporate sector that produced the largest and fastest growing companies in the world. The transformation of China's industrial sector from being run by the state to being marketized is caused not only by economic policies but also legal reforms. The economic policies and institutional reforms have contributed to the development of a market economy from a centrally planned economic system where the state dictated output, prices, and other aspects of supply and demand.

Keywords:   China, corporate sector, industrial sector, marketized, economic policies, legal reforms

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