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Political context - China's Influence on World Trade

Political context - China's Influence on World Trade -...

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Old System Monopoly of a highly centralized government – the one totalitarian party retained full authority (through the central government) over non-state investment, import, export, and financial decisions. Integration of government with enterprise operations - government’s interference in profit and losses and the market as a whole, making it a non-market economy. Current System Republic Communist state with single party system – still centralized, with the ruling party being the Chinese Communist Party, which is authoritarian in
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Unformatted text preview: structure and ideology. Judiciary is still not independent - though China is developing towards a society ruled by law. The gradual achievement of reforms over the past several years has freed millions of Chinese from CCP control of their day-to-day lives. Even so, there are still only limited political rights for the people of China. However, high degree of corruption still exists despite the government’s best efforts; especially corruption within the CCP is rampant....
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