Given this history of economic reform, it is evident that "under the present system economic questions are necessarily political questions" (Dorn 43). ... However, as time passed, some basic aspects of the old system were altered either by design or via the process of what might be called benign neglect. ...
This rise has taken place over the last three decades as China has slowly loosened its trade policies from a central system to a more market-orientated system (CIA). ... POLITICAL CLIMATE The current political system in China is a one party system, Communist Party of China that won the "new democratic revolution" in 1949 and subsequently founded The People's Republic of China. ... In other words, the political system of China is a communist political one. In this political system, the state owns and/or controls all economic functions, such as trades, labor, and ...
Under the principle of "one country, two systems", the HKSAR has a high degree of legal and economic autonomy (Chan, 2001). ... In addition, China avoided direct intervention in Hong Kong's economic affairs, thus, keeping its "hands-off", "laissez-faire", policy adopted with the "one country, two systems" approach and allowing Hong Kong to manage the crisis (Hung, 2000). ...
