China's Industrial Revolution and Economic Presencesy.
Key Features:Many others have argued that China's industrialization and economic growth at an accelerated rate over the past 25 years became possible by China's exports to mature industrialized countries. The author argues China did that by the import-export growth model. China's exports enabled China to pay for the imports of capital from those countries. The mechanism of profit repatriation was the key to the success of China's economic reform modelChina has offered a unique paradigm of economic cooperation between the socialist market economy and the capitalist market economy. Indeed, the core of economics is proper decision-making for the optimum allocation of limited resources at the disposal of an economy at a given time.