China economic growth due to recent foreign policies

Submitted by: Oscar

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Just a few areas China's 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 China's economy is not without its shortcomings