"The paper evaluates the effects of privatization in the post-communist economies and China. In post … institutional development. In China relatively more estimates suggest that privatization to domestic owners improves the level of …-communist economies, but foreign joint ventures rather than wholly owned foreign firms have a positive effect in China. Worker or …

Gross Domestic Product (GDP) growth rate substantially exceeded China's population growth, which averaged 1.4 percent … annually between 1978 and 2009, and real GDP per capita accordingly grew at 8.6 percent annually during this period. China … larger administrative units called cities (shi) and respectively towns (zhen). Cities and towns in China are expansive …