China Today laws, government and business environment for the investor

Currently, the China of today has attempted to wrest itself from its
Maoist communist path and embark upon a program of sustained economic
reform.Legally, “after expressly declaring to adopt a socialist market
economy in 1992,” the 8th and 9th National People’s Congress of China
passed “a series of market-oriented laws” so that “consequently a
preliminary legal system accommodating to the market economy came into
being.” (Building China’s Market-Oriented Legal System, 2003)In recent
history, China has indeed practically and legally attempted to bolster
market reforms and enter the capitalist world economy.
However, it is important to note that the National’s People’s Congress
that passed the aforementioned resolution was not democratically elected by
the Chinese people.China continues to have a government of control and
command, politically if not economically speaking.It has attempted to
create a nation where political reform is not commensurate with social
reform.Perhaps the most powerful symbolic statement of this is that in a
resolution was passed that allowed that “the private sector is a complement
to the socialist public economy,” demonstrators in Tieneman Square were
massacred only a year afterward.(“Building China’s Market-Oriented Legal
Legally, the party administers control China’s vast geographic reaches
capital, in the form of a single-party system.The party allows free
enterprise and private ownership to exist, provided it does not interfere
with party activities through democratic initiatives.Legally, private
ownership exists, and is protected, but the government remains involved in
the economy to protect the communist party’s own, uni-party interests. This
dual program of economic liberalization and political repression began
often known as China’s ‘one country, two systems’ plan in that a Western
economy exists next to a communist pol…