4 china 1 outline of the chinese market characteristics economy with an enormous population 2 billion vast land area 9 6 million km2 rich underground resources various kinds and diversified agricultural has built up basic foundation for development under flag a socialist nation since 1978 when reform open policies were implemented achieved economic on unparalleled scale as nies south korea taiwan hong kong singapore in east asia have been called four dragons is now giant dragon image greatly changing due to its great potential growth over past three years which was faster than expected improvement domestic gdp went through adjustment 1989 1990 grown by 3 8 0 1991 13 1992 1993 1994 grow at double digit percentage engine s high