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Stringent rules of the Marxist policies, an autocratic socialist system, left China a conservative, under-developed nation for most part until refurbishment of economic and trade policies in the late 1970 and 1980 sluggish dragged a nation of China's gigantic magnitude towards market-oriented economic development. The well known Open Door Policy introduced in 1978 began the journey of opening up China, its economy and the markets to the outside world. Since then China has been a potential market to some of the world's best known brands, products and services, allowing thousands of private firms to bloom, from indigenous small-town enterprises, to giant manufacturing concerns, built with foreign money...
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