Economic self-reliance and China's development: changing perspectives
Purpose - – The achievement of self-reliance ( Design/methodology/approach - – Secondary sources and data are used to develop this article. Findings - – As a result of its market reform and economic development, all parts of China's economy have become more interdependent and continue to do so. In addition, China has become more dependent for its economic welfare on international trade, but its dependence is much less than that of many other countries, for example, Germany. Nevertheless, the Chinese still endeavour to be masters of their own destiny. From this perspective, Mao's principle of self-reliance has not been abandoned. Originality/value - – Despite its growing economic interdependence, China continues to value its capacity for autonomous goal setting and decision-making. This is illustrated by the strategies it has adopted to address its dependency on oil imports. Nevertheless, China's increased economic interdependence adds to China's challenges and difficulties in controlling its economic affairs.
Volume (Year): 12 (2013)
Issue (Month): 3 (September)
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