【Business Standard】China's version of globalisation
2017-10-23 08:59:56 信息来源：Business Standard
China’s integration into the world economy essentially began in the 1990s. In 1992, Deng Xiaoping, the then national leader, during his visit to the southern part of the country, for the first time put forward the idea that China should open up. This pronouncement can be said to have laid the basic framework for the Chinese economy in the next 10 or 20 years. Since then, a large number of workers have migrated from the rural areas to the urban centres while a significant amount of foreign capital has been invested in the coastal areas of China. As a result of the combination of foreign capital and China’s cheap labour force, Chinese coastal areas became the centre of assembling processed products, which were then exported abroad. This is characteristically a very Chinese model of opening up to the outside world. In the course of this phenomenon, the assimilation of China into the world economy has increased substantially.
