
40 Years Since Deng Xiaoping’s Reforms: The Chinese Economy’s Challenges and Prospects
After four decades of gradually opening the Chinese economy to the world and at the beginning of the Xi Jinping’s second term in office, China’s authorities are announcing deep reforms, including increasing market access for foreign entities. Despite strengthening Xi’s power, one should expect a further, selective opening of the market depending on the strength of Chinese enterprises in specific industries and their development needs. The announcements of the reforms provide an opportunity for the EU to put pressure on improving the situation of companies from Union countries operating in China.
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