CHINA

Indo-China Economic and Commercial Relations

The Chinese economy was decentralized in 1978 and major economic reforms were introduced which created conditions for rapid economic growth and structural changes in China. The development has been so impressive that, China has set the target for average annual growth rate in the tenth Five Year Plan period (2001-2005) at around 7 percent. It is lower than the actual yearly growth between 1996-2000 at 8.3%.