China - Future trends
Since 1978, China's economic system has undergone a market-oriented reform and begun its open-door policy. In more than 20 years, although system devolvement and structural transformation were mostly driven by domestic factors, China has been increasingly influenced by economic globalization and worldwide industrial upgrade. In the 21st century, it is estimated that Chinese economic development will be influenced by world economy, especially the economy of the Asian area. The Chinese economy will depend on the attitude and strategy China will take toward being involved in the globalization process.