1. China's Economy
... with the promise of huge returns on their investments. Completely ignoring the fact that the Chinese economy was still in the tight grip of the communist bureaucratic central planners, the West poured hundreds of billions of dollars into joint ventures which never, ultimately, bore fruit. The facts that at least 900 million of the supposed 1.3 billion Chinese "consumers-to-be- are ... large, state-owned production facilities is caused by excess bureaucracy and corruption. There has been an uneven distribution of development between the western section of China and the industrialised eas...
- Word Count: 1540
- Approx Pages: 6
- Has Bibliography