Far-reaching changes in the People's Republic of China's economic and social policy have been decided and carried out since 1978. The following article analyses a number of selected aspects of the economic order to illustrate the direction the reforms are taking and the limitations to which they...

Western public opinion frequently voices uncritical applause for the economic reforms in the People’s Republic of China. The expectation of large sales opportunities in the Chinese market has led to a kind of China-euphoria in certain business circles. This frequently overlooks the fact that...