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Marketization Reform of Factors

In: China’s Reform: History, Logic, and Future

Author

Listed:
  • Guoqiang Tian

    (Texas A&M University)

  • Xudong Chen

    (Shanghai University of Finance and Economics)

Abstract

Marketization reform in China involves the marketization of products and factors of production. China’s 40 years of reform and opening-upReform and opening-up have made significant progress in the marketization reform of product markets, most of which are now open and competitive (though some resource product markets, such as the oil market, still have monopoliesMonopoly) and have expanded into world markets on a large scale, turning Made-in-China products into big sellers.

Suggested Citation

  • Guoqiang Tian & Xudong Chen, 2022. "Marketization Reform of Factors," Springer Books, in: China’s Reform: History, Logic, and Future, chapter 0, pages 315-323, Springer.
    • Handle: RePEc:spr:sprchp:978-981-19-5470-2_23
    DOI: 10.1007/978-981-19-5470-2_23
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