Chinese economic reforms

This paper deals with economic reforms which have been implemented in the People's Republic of China since the end of the 1970s. The paper analyses some of its basic features, course and reasons for it success. Reform measures, their goals and phases are discussed, as well as the rural reform, state-owned entreprises reform, reform of non-stated entreprises and opening up policy. The paper concludes by evaluating the state of the Chinese economy in the early 21st century, its entry into the World trade organization and forecasts of its future performance