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China's economy: The third wave breaks
HOME > PAST ISSUE > PERSPECTIVE [Premium content]June 2008
The impact of China’s latest bout of economic restructuring will be felt the world over
China’s Communist Party has just kicked off a third wave of economic reform. It is an effort to push the mainland’s manufacturing platform up the value chain, to contribute more to domestic growth and create higher-paying jobs.
The first wave of restructuring saw the end of the communes and the arrival of foreign-invested factories in the 1980s, while the second wave, which took place during the following decade, resulted in the transfer of economic power from state-owned ...
The first wave of restructuring saw the end of the communes and the arrival of foreign-invested factories in the 1980s, while the second wave, which took place during the following decade, resulted in the transfer of economic power from state-owned ...
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