EC 310G Economics of China
As per the EC 310G Economics of China course module, china has what economists call a socialist market economy, one in which a dominant state-owned businesses sector exists in parallel with industry capitalism and private ownership.
Economists in China as per the course EC 310G Economics of China, generally attribute much of China's rapid economic growth to two main factors which are as follows:
- Large-scale capital investment - this is financed by large domestic savings and foreign investment and
- Rapid productivity growth.
These two factors actually have gone together hand in hand.
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