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The Rise of China's Economy
William H. Overholt
Vol. 29, No. 2 (April 1994), pp. 29-34
Published by: Palgrave Macmillan Journals
Stable URL: http://www.jstor.org/stable/23486239
Page Count: 6
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China's economic success, in contrast to that of the Soviet Union, is due to profoundly different economic and political strategies. China has emphasized areas where limited government investments would produce rapid growth and job generation. Farms were given back to the farmers, foreign investment was encouraged, and priority was given to light and medium industry where limited investment resulted in a surge in output. Politically, reform was divided into manageable phases to develop popular support.
Business Economics © 1994 Palgrave Macmillan Journals