China | China Faces Serious Economic Problems
China has become one of the world’s fastest growing economies, asserts Wayne M. Morrison in the following viewpoint. Since 1979, China has been moving away from its communist state-controlled economy, adopting some principles of free trade, and privatizing many businesses. The country’s move toward free markets must continue, warns Morrison, if China is to overcome the many problems associated with its previously stagnant economy, which include inadequate energy and transportation systems as well as regulations that continue to inhibit free trade. Morrison is a researcher in the...
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