Prior to economic and market reforms, China was a relatively closed society in deep economic stagnation, mainly due to excessive centralized bureaucratic control, misallocation of both investments and outputs, and generally low factor productivity. The reforms introduced in the 1970s aimed at improving the country’s economic situation through reducing (but not eliminating) centralized planning and direct control in order to correct the economic deficiencies (Perkins, 1988).
|Title of host publication||Brewing, Beer and Pubs|
|Subtitle of host publication||A Global Perspective|
|Number of pages||22|
|Publication status||Published - 1 Jan 2016|
Bibliographical notePublisher Copyright:
© Ignazio Cabras, David Higgins and David Preece 2016 and Respective authors 2016.
Copyright 2016 Elsevier B.V., All rights reserved.