Changes

====Post-Deng China====

====Post-Deng China====

 

Deng's health deteriorated in the years prior to his death in 1997. [[Jiang Zemin]] gradually assumed control of the day-to-day functions of government. In November 2002, [[Hu Jintao]] was selected leader. In 1992, he had been designated by Deng Xiaoping as the "core" of the fourth generation leaders. On March 14, 2013 [[Xi Jinping]] was "elected" as new president.<ref>https://www.telegraph.co.uk/news/worldnews/asia/china/9929619/Xi-Jinping-elected-Chinas-president-Telegraph-dispatch.html</ref>

Deng's health deteriorated in the years prior to his death in 1997. [[Jiang Zemin]] gradually assumed control of the day-to-day functions of government. In November 2002, [[Hu Jintao]] was selected leader. In 1992, he had been designated by Deng Xiaoping as the "core" of the fourth generation leaders. On March 14, 2013 [[Xi Jinping]] was "elected" as new president.<ref>https://www.telegraph.co.uk/news/worldnews/asia/china/9929619/Xi-Jinping-elected-Chinas-president-Telegraph-dispatch.html</ref>

China's "economic miracle" since it was granted [[Most Favored Nation]] (MFN) status by the U.S. Congress in 2002, and access to the U.S. consumer market, led to unprecedented economic growth and better living conditions for millions of Chinese. It also strengthened the grip of the anti-democratic [[Chinese Communist Party]] over people's everyday lives, and the loss of manufacturing jobs for consumer products in the United States.

China's "economic miracle" since it was granted [[Most Favored Nation]] (MFN) status by the U.S. Congress in 2002, and access to the U.S. consumer market, led to unprecedented economic growth and better living conditions for millions of Chinese. It also strengthened the grip of the anti-democratic [[Chinese Communist Party]] over people's everyday lives, and the loss of manufacturing jobs for consumer products in the United States.

 

China's investment climate changed significantly. In the early 1980s, China restricted foreign investments to export-oriented operations and required foreign investors to form joint-venture partnerships with Chinese firms. Foreign direct investment (FDI) grew quickly during the 1980s, but stalled in late 1989 in the aftermath of Tiananmen. In response, the government introduced legislation and regulations designed to encourage foreigners to invest in high-priority sectors and regions. Since the early 1990s, China has allowed foreign investors to manufacture and sell a wide range of goods on the domestic market, and authorized the establishment of wholly foreign-owned enterprises, now the preferred form of FDI. However, the Chinese Government's emphasis on guiding FDI into manufacturing has led to market saturation in some industries, while leaving China's services sectors underdeveloped. China is now one of the leading recipients of FDI in the world, receiving almost $80 billion in 2005 according to World Bank statistics.  

China's investment climate changed significantly. In the early 1980s, China restricted foreign investments to export-oriented operations and required foreign investors to form joint-venture partnerships with Chinese firms. Foreign direct investment (FDI) grew quickly during the 1980s, but stalled in late 1989 in the aftermath of Tiananmen. In response, the government introduced legislation and regulations designed to encourage foreigners to invest in high-priority sectors and regions. Since the early 1990s, China has allowed foreign investors to manufacture and sell a wide range of goods on the domestic market, and authorized the establishment of wholly foreign-owned enterprises, now the preferred form of FDI. However, the Chinese Government's emphasis on guiding FDI into manufacturing has led to market saturation in some industries, while leaving China's services sectors underdeveloped. China is now one of the leading recipients of FDI in the world, receiving almost $80 billion in 2005 according to World Bank statistics.