Economy

       The Chinese economy has undergone substantial reforms in the

  late 70's passing,   an  economy that prevailed in acentralized, planned and 

 closed to international exchanges, toa system more oriented market economy.
       The changes began with the end of collective agriculture,

           the expansion  for  a  gradual  release of prices,  fiscal

decentralization, increased autonomy for state enterprises, the foundation 

of several banks, development of the stock market, with the rapid growth of private

         and openness to foreign tradeand foreign investments.