Matches in DBpedia 2015-10 for { <http://dbpedia.org/resource/History_of_trade_of_the_Peoples_Republic_of_China> ?p ?o }
- History_of_trade_of_the_Peoples_Republic_of_China abstract "Trade has been a very significant factor of the People's Republic of China's economy. In the twenty-five years that followed the founding of the Republic in 1949, China's trade institutions developed into a partially modern but somewhat inefficient system. The drive to modernize the economy that began in 1978 required a sharp acceleration in commodity flows and greatly improved efficiency in economic transactions. In the ensuing years economic reforms were adopted by the government to develop a socialist market economy. This type of economy combined central planning with market mechanisms. The changes resulted in the decentralization and expansion of domestic and foreign trade institutions, as well as a greatly enlarged role for free markets in the distribution of goods, and a prominent role for foreign trade and investment in economic development.".
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