China has a unique and unusual economy. The country runs under a split economy, where it is partially communist, and partially free-market. The recent emergence of China as one of the world's major economic powers is resulting in greater regional integration in East-Asia, and the world. Its integration within the economy has indicated a tremendous move toward Globalisation, and the removal of the barriers that have previously surrounded the country. The integration of China into …
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showed last 75 words of 1190 total
…WTO membership will increase demand for foreign imports and open the services sector to greater foreign investment and competition. However, in addition to implementing its WTO accession commitments fully and in a timely manner, China faces a set of substantial domestic economic policy challenges - notably in finance, social welfare, SOE's and agriculture - that will require considerable efforts on the part of the Chinese authorities to ensure continued economic success over the medium term.