Prior to economic and market reforms, China was a relatively closed society in deep economic stagnation, mainly due to excessive centralized bureaucratic control, misallocation of both investments and outputs, and generally low factor productivity. The reforms introduced in the 1970s aimed at improving the country’s economic situation through reducing (but not eliminating) centralized planning and direct control in order to correct the economic deficiencies (Perkins, 1988).
|Title of host publication||Brewing, Beer and Pubs|
|Subtitle of host publication||A Global Perspective|
|Editors||Ignazio Cabras, David Higgins, David Preece|
|Publisher||Palgrave Macmillan Ltd.|
|Number of pages||22|
|Publication status||Published - 23 Mar 2016|
Lau, C. K., Lin, Z., Boansi, D., & Ma, J. K. (2016). The Lack of Market Integration in the Chinese Beer and Wine Markets: Evidence from Stationarity Test. In I. Cabras, D. Higgins, & D. Preece (Eds.), Brewing, Beer and Pubs: A Global Perspective (pp. 123-144). Palgrave Macmillan Ltd.. https://doi.org/10.1057/9781137466181_7