1. Discuss the major economic reforms made by China since 1978 and assess
their effectiveness

The reforms undertaken in China so far have been instrumental to economic development; since the reform agenda was established China has experienced an average of almost 10% annual growth per year. However China has taken a gradualist approach to reform, introducing ‘win-win' changes to combat problems in the economy. This approach has left some important areas still in need of major reform, areas where reform is likely to be much more difficult to implement and where so far attempted reforms have brought little progress. Successful reforms in these areas are pivotal, if they are not to become major obstacles to further economic development. As reforms have been key to economic development and future reforms will be important to continued development it is an important area to understand.

Marking Scheme

Students should discuss China's approach to reform, points may include:......

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Title: Economics And Business Of The Asia Pacific
Approximate Word Count: 2638
Approximate Pages: 11 (250 words per double-spaced page)

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