There are stark regional disparities between the inland and the coastal regions in China. Can the less-developed regions ever catch up with the coast?
As China changes, companies are being forced to adopt China Plus One strategies and look at other countries for manufacturing.
In December 1978, China began a series of economic reforms collectively termed as the “Reform and Opening Up” policy led by Deng Xiaoping, through which the country embraced “socialism with Chinese characteristics”. Since then, China’s policy makers have walked a winding path towards prosperity, herding the nation’s behemoth state-owned enterprises (SOEs) and an increasingly vibrant private sector in […]