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When did China's economy start?

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Anonymous

∙ 11y ago

China has always had its very own economy, since its existence. However, China began its economic reform in the year of 1978.

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Wiki User

∙ 11y ago
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Chinas economy is known as a what economy?

China's economy is known as a command system, or a socialist economy. This means that the wealth of everyone in China's work force is evenly distributed amongst everyone in the country. This poses a problem for people's incentive to work which is the main flaw in this type of economy


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