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China Accomplishments Goals, Chapter 3 Opening Case

Enacted the Law on Joint Ventures using Chinese and Foreign Investment in 1978

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China Accomplishments Goals, Chapter 3 Opening Case

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  1. Enacted the Law on Joint Ventures using Chinese and Foreign Investment in 1978 • Has managed the swiftest, most extensive rise out of poverty any nation has seen. 10 to 15 million per year move up • The fastest growing economy over the past 30 years. • World’s largest economy, at current trend, by PPP, by 2020, by nominal GDP by 2050. • Communist Partystill maintains a monopoly on political power, and by proxy, market power. • Legacy vision of most civilized culture and advanced nation on earth. • Goal to restore its ancient Imperial glory • China's status of different institutions, sky high aspirations, and a one of a kind combination of resources, capabilities, and bargaining power at a perfect moment of timing.

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