21 africa the real interest rate is very low and possibly a contributing factor to high investment ratio chinese companies thus benefit from an uneven playing field in mean time rapid expansion of capacity may lead excesses that upset markets trading partners absence market dictated discipline china how ever strong plus point economy its human resources as long term platform for sustained growth proportion students are enrolled engineering management sciences reforms introduced private enterprise into manufacturing reduced importance soe s production more than 80 output before 1980 37 2003 they mainly found heavy industry government follow aggressive strategies improve efficiency through closures mergers sale ownership by allow ing shed redundant labour drive towards among necessity has serious socio economic fall out it said about 30 million w ork places became betw een 1998 end 2004 these orkers their families lost extensive social
