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Excerpt
Has China’s economic reform already peaked? Dwight Perkins, August 21, 2018, Opinion, "The move from a centrally planned economy to a market economy is more complex than often assumed. When countries in Eastern Europe and the former Soviet Union began to transition to market economies in 1989, many economic advisors thought there was little more to it than freeing up goods and services to be sold at market-determined prices and privatising state-owned enterprises."