Now let's move on to the Policy of opening which has permitted China's development. 2. THE POLICY OF OPENING SINCE 1978 Let's begin with, A) Interior opening First I would like to talk about Agriculture because it's the first step of the opening. ... The first zones were established in 1984 along the coast and offered some advantages like fiscal exemption and exemption of the taxes on equipment's importation. ... In order to receive all the foreign capitals, China has been forced to reform her financial and monetary systems. ... Inflation is very high (2...

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• Grade Level: High School