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The question that remains to most people is how China went from a closed, communistic country, to a country that is thought to be of the highest economic importance in the 21st century. Open-door policies and encouraging foreign investment were not in China's dictionary until the 80s. Only then, the government felt the need for change.
The radical change in China was directed by an important metamorphose of government policies in all sectors. The government did not only alter its fiscal and exchange rate policies but also made important progresses in the field of trade and investment policies...
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