These included a bonus from the stabilisation, opening and reform of the economy in the 1990s, and a huge lift in the country's terms of trade, thanks to China's appetite for commodities.
There has been a broad consensus that further opening up and reform is the only way to revitalize the Chinese economy.
FORBES: China Crossing The Rubicon As Reform Agenda Moves Forward
Mr. FINKELSTEIN: Now after over 20 years of so-called reform and opening up, China is re-emerging as a significant actor in international relations.
In seven and a half years, he united education reformers, teachers, principals and business stakeholders behind an aggressive education reform agenda that included opening over 100 new schools, expanding after-school and summer learning programs, closing down underperforming schools, increasing early childhood and college access, dramatically boosting the caliber of teachers, and building public-private partnerships around a variety of education initiatives.
Brazilian officials say that before opening their markets further, they must reform taxes and cut the cost of credit.
House Republicans like Dave Camp and Paul Ryan ought to seize Mr. Portman's policy opening and make dynamic scoring a formal part of any tax reform effort.
This hearing will be pretty much the final act of pre-legislative scrutiny by the committee, under the senior Labour peer, Lord Richard - and I suspect that it will really be the opening skirmish in what promises to be a long and intricate battle to enact Lords reform.
Yesterday Medicare formally announced the opening of its Center for Medicare and Medicaid Innovation, an office created by the health reform legislation to pioneer ideas that improve the quality and lower the cost of health care.
More importantly, structural reform is still worth pursuing -- opening up the professions, reforming the public sector, and liberalizing an economy that only benefits insiders are laudable goals.
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