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chinas transition into a free market economy?

what are some ways they have modernized their economy? from a centrally planned to a free market

Public Comments

1. They have allowed privatization of businesses. As an example they allow small farmers to sell their goods in an open market system. They have for profit privately owned enterprises.
2. Wikipedia is your friend: http://en.wikipedia.org/wiki/Economy_of_the_People's_Republic_of_China