This study explores the relationship between China's foreign trade
reforms and the domestic economic reforms that undergird China's
policy of openness in the 1980s and 1990s. It provides the first
comprehensive analysis of how China has emerged since reform began
in 1978 as one of the most dynamic trading nations in the world. It
examines both the external policy changes, such as the
decentralization of trading authority and the devaluation of the
domestic currency, and internal economic reforms such as the
increased use of markets and prices. The volume concludes with an
analysis of the sources of China's export growth and outlines
further domestic economic reforms that the author believes will be
required to sustain China's increasing integration into the world
economy.
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