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This essay relates to China s open door policy not applicable--regular good job shit Recent Chinese economic policies have shot the country into the world economy at full speed As testimony of this Chinas gross domestic product has risen to seventh in the world and its economy is growing at over nine percent per year econ-gen 1 Starting in 1979 the Chinese have implemented numerous economic and political tactics to open the Chinese marketplace to the rest of the world Just a few areas Chinas government is addressing are agricultural technology the medical market and infrastructures like telecommunications transportation and the construction industry Chinese reform measures even anticipated the rush of foreign investment by opening newly expanded industries to out-of-country investors Effects of this sudden change in economic strategy by a world power can be felt by practically every nation of the globe involved in international trade The change in the amount of imports and exports to and from China will increase the demand on countless markets from automobile to petrochemical to pharmaceuticals and optical fiber Also with all the foreign investment China is receiving the socialistic republic will only grow more and more interdependent upon the world economy However the impressive growth rate of Chinas economy is not without its shortcomings Problems such as inflation and inefficient state-owned enterprises plague the rise of the Chinese economy The main goal for Chinas modern foreign policies is the development of the Chinese infrastructure The significance of improved communication and transportation cannot be over-stressed Economically enhanced means of communication and transportation allows more expedient supply and demand scheduling Two of the latest Chinese reform measures to aid in the development of the country are the Provisional Regulations on Direction Guide to Foreign Investment and the Catalogue Guiding Foreign investment in China Both these policies place specific industries including telecommunications machinery and electronics on top priority Funding for these projects come from foreign investments
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