Review of cheneese economic

The People's Republic of China (PRC)-the third largest country in size in the world. His area of over 9,596,960 square meters. km. Population-more than 1,339 million people (2010). Chinese make up 91.51% of the population likely to live 56 nationalities. China is divided into 23 provinces, 4 municipalities under the Central Government, 5 autonomous regions and 2 special administrative regions.

A notable and growing interest around the world at the economic transformation in China, which last approximately two decades. The interest in this country is not accidental. China, being one of the oldest states in the world, the first time in its long history, made impressive gains in the real sector of the economy. A number of features can be seen that the country in the near future will be to flourish. China has a chance to repeat the experience of Japan and South Korea.

The necessary internal conditions for it. China has a vast territory, is the largest country in terms of population, has an important geo-strategic position, especially in the Asia -Pacific Region (APR).

Of great interest is the Chinese version of the specificity of system reforms. China's leaders still sticking to the official ideological course of building socialism, the country maintains a traditional socialist countries for the political system to the monopoly of the Communist Party to power.

China, whose economy relies heavily on public property and is developing according to plan, is quite a large industrial state. Total volume of industrial production, he went out on the 2nd place, and the number of enterprises 1st place in the world.

Since 1978. embarked on the formation of a rich democratic socialist state with a per capita income of the population at the level of moderately developed countries.

To encourage investment the Chinese government established four special economic zones in Shenzhen, Zhuhai, Shantou and Xiamen, where, and to direct the flow of foreign direct investment in Hong Kong, Taiwan and the United States.

In 1984. opened 14 coastal cities and ports. Western investors were able to enter the large domestic markets in China.

In 1986. Chinese government has issued a list of 22 provisions aimed at improving the investment climate. Have occupational exchangers for investors who have the opportunity here to buy hard currency and imported raw materials.

In 1985, 1986 he. these cities accounted for 23% of industrial production and 40% of China's exports.

In 1990. introduced a new corporate policy came into effect regulations on copyright protection. It has stepped up investment from Japan, the U.S. and Western Europe.

In 1995, a law that allows foreign companies to set up holdings.

China has taken steps to attract foreign investment. They include: tax breaks, preferential import tariffs, rules to facilitate hiring and dismissal of foreign personnel.

In general, there are four stages of economic development in China:

1. The transition from subsistence, semi-subsistence economy to a planned commodity economy.

2. The transition from an agrarian to an industrial society.

3. The transition from a closed to an open society.

4. The transition from a society of "moral" principles to the legal one.