Political Economy Of China Essay
China's integration into international economic, political and cultural relations is a vivid illustration of today's globalized world. As an emerging economy, China puts increasing emphasis on developing its innovation system, which is having a major effect globally. Chinese research has been restructured several times in the later years.
The People's Republic of China has a middle income developing market-oriented economy that incorporates economic planning through industrial policies and strategic five-year plans. The economy consist
Economy of China
In the early 1950s, China launched a series of political movement to speed up industrialization and tried to carry out economic modernization, but the results were unsatisfactory. Subsequently, in the aftermath of Cultural Revolution, the Chinese leaders adopted an economic development strategy to transform into market-based from its centrally-planned in 1978.