Beginning in 1978, the Chinese leadership has been moving the economy from a sluggish Soviet-style centrally planned economy to a more market-oriented economy but still within a rigid political framework of Communist Party control. To this end the authorities have switched to a system of household responsibility in agriculture in place of the old collectivization, increased the authority of local officials and plant managers in industry, permitted a wide variety of small-scale enterprise in services and light manufacturing, and opened the economy to increased foreign trade and investment. The result has been a quadrupling of GDP since 1978. In 1999, China became the second largest economy in the world after the US; with its 1.25 billion people and a GDP of US $4.8 trillion. China's per capita income is about US $3,800.
Keywords: CCC Mark, CCC mark, Chinese business, China business regulations, Chinese business requirements, CCIB Mark, CCEE Mark, NAL, NAI, CCIB, CCEE
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