... special economic zones in Shenzhen, Zhuhai, Shantou and Xiamen, and designated the entire province of Hainan a special economic zone in 1980. In June 1995, the State Council published a "Directory of Guidelines for Foreign Investment," which included guidelines covering retail and wholesale enterprises, and the distribution ... of achieving free trade and investment, China has taken the step of cutting tariffs. China's tariff rate accordingly decreased from 35 percent to 23 percent in 1996, to 17 percent in 1997, to 16.7 percent in 1999, and currently stands at 13 percent. At the 1997 Van...

• Word Count: 2372
• Approx Pages: 9
• Has Bibliography

... introduced, the economy grew an average of 3.4% until 1998. In February of this year, the Sao Paulo Stock Market was the highest since June of 2000. "Investors abroad purchased nearly 7.48 billion reals in shares on the Sao Paulo trading floor, selling shares worth a total of 5. ... performance in 11 years (The Economist), but expects inflation to continue in a downward direction and hopes to reach its target rate of 5.5% by 2005. With the economy becoming more stable and with their current inflation rate of 6.0%, their goal seems reachable in twelve months. As of March 5, ... sensitiv...

• Word Count: 2005
• Approx Pages: 8
• Has Bibliography