Economics of Constitutions

China adopted a new Constitution in 1982, four years after Deng Xiaoping began reforming China. The new Constitution was drafted to suit China’s new economic policies. The most striking example was Article 18, which stated: “The People’s Republic of China permits foreign enterprises, other foreign economic organisations and individual foreigners to invest in China and to enter into various forms of economic co-operation with Chinese enterprises and other economic organisations in accordance with the law of the People’s Republic of China.”

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