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The smaller public sector is dominated by about 200 large state enterprises concentrated mostly in utilities, heavy industries, and energy resources.
Since 1978 the Republic of China government has been reforming its economy from a Soviet-style centrally planned economy to a more market-oriented economy but still within the political framework, provided by the Communist Party of China. This system has been called "Socialism with Chinese characteristics" and is one type of mixed economy. These reforms started since 1978 has helped lift millions of people out of poverty, bringing the poverty rate down from 53% of population in 1981 to 8% by 2001...
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Common topics in this essay:
- China's Economy
- China’s Growing Economy—Helped or Hindered U.S. Economy
- Current State of US Economy
- Current State of the Indian Economy
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