Too Long; Didn't Read
In the 1970s, China began to employ a drastically different economic policy over its previous communist system. Instead of closing to the outside world, China received every innovation, investment, or technological knowledge ready to penetrate the country. This wave of liberal reformation has already been imprinted in economic history as a “Chinese miracle” However, many economists are suggesting that this phase has been going on for a long while now (almost 12 years) and it’s finally time to get to the downward slope again.