 Pudong Special Economic Zone 2002. None of the above buildings existed in 1993. |
The road to the market economy in China:
1. Senior Leader Mr. Deng Xiao-ping visited USA in 1979. 2. In 1979-1984, economic reforms were discussed and implemented in the agriculture sectors. 3. In 1984-1989, the reform policy was applied to the industrial sectors. 4. In 1993, the development of Shanghai Pudong special economic zone was formally authorized. China's GDP and trade statistics in billions of current US dollars
*Numbers in parentheses are corresponding statistics of USA. The above table shows that in less than 25 years, China's gross domestic product (GDP) and total trades increase more than 30 times respectively from US$54 billions to US$1.658 trillions for GDP and from US$38.1 billons to $US 1.154 trillions for total trades (import and export). China is the third largest trading partners of USA (after Canada and Mexico). China has had the fastest growth economy than any other countries in the world in the past decade. China is now a member of the world trade organization (WTO). China is a ripe subject for study, for its phenomenal developments today and its prospects for the future. What are the main factors that drive the economic revolution in China? How accessible is the Chinese market for international investors? What are the risks involved and how to manage such risks? Will China's consumer sector mature in the near future? How soon would China's business systems operate in an appropriate regulatory and legal environment compatible with the developed economy? Obtain first hand experience and witness the most breathtaking economic reform in the world by yourself. This program consists of classroom discussions, readings, distinguished guest lectures, visits to enterprises, industrial parks, and trade centers, tours of cities including Beijing, Hangzhou, Suzhou and Shanghai, and exposures of Chinese culture events. This experience helps you understand the challenges facing China as well as the obstacles encountered by international firms wishing to formulate a "China strategy". | |||||||||||||||||||||||||||||
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