 |
|
| Related Stories |
|
|
|
The past 13 years have seen China's historic transition from a planned economy to a market one.
China has basically established a socialist market economic system during that time with the market playing a fundamental role in the distribution of resources.
Only five industrial products are subject to mandatory controls while the prices of 90 percent of goods and services are determined by the market.
The manufacturing and tertiary sectors are becoming the driving force behind China's economic growth, compared with the dominant role of primary and manufacturing industries in the past.
The rising tertiary industry is the new fast-growing section of the economy and is playing a leading role in creating jobs.
(Xinhua News Agency September 16, 2002)
|
|
|
|
