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Foreign Investment Strategy

In: China Superpower

Author

Listed:
  • Francis A. Lees

    (St John’s University)

Abstract

Prior to 1979 China’s economic policy was based on the principle of self-reliance. Foreign trade and investment played a very small role. The reforms from 1978 onward led to greater openness, more decentralized authority over economic policy, and a growing foreign trade system. The 1979 Law on Joint Ventures and subsequent legislation reinforced the trend toward an improving foreign investment climate in China.

Suggested Citation

  • Francis A. Lees, 1997. "Foreign Investment Strategy," Palgrave Macmillan Books, in: China Superpower, chapter 10, pages 163-187, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-37169-9_10
    DOI: 10.1057/9780230371699_10
    as

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