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Article: China throws open its seaboard.
- Article from:
- The Economist (US)
- Article date:
- March 12, 1988
CopyrightCOPYRIGHT 1988 Economist Newspaper Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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READY extrapolation: China will be the world's biggest economy within 40 years if the growth rates of the world's main economies during the 1980s are maintained until 2030. Inevitable proviso: this will be possible only if China attracts more foreign capital and skills than it has done so far.
Until now foreign investment in China has been restricted. The points of contact between China and the capitalist world have been limited to the capitals of various provinces (especially Beijing, Shanghai and Canton), plus some patches on the coast, the so-called Special Economic Zones (SEZS). China is now embarked on a breathtaking new policy to open this bottleneck. It is ...