Path to Industrial Development.
The Chinese adopted industrial technology and moved from communist welfare state to socialist market economy. China has leveraged its population to become the world's leading destination for mass production of goods and services. China's main objective is to provide employment and to feed its bulging population. China has succeeded by providing employment to its people through business outsourcing of technical and manual skills to small business traders.
“China changed from communist welfare state to socialist market economy. They managed to create more jobs through business outsourcing of technical and manual skills to small business traders.”
