<P> After three decades of reform , China 's economy experienced one of the world 's biggest booms . Agriculture and light industry have largely been privatized , while the state still retains control over some heavy industries . Despite the dominance of state ownership in finance , telecommunications , petroleum and other important sectors of the economy , private entrepreneurs continue to expand into sectors formerly reserved for public enterprise . Prices have also been liberalized . </P>
<P> After three decades of reform , China 's economy experienced one of the world 's biggest booms . Agriculture and light industry have largely been privatized , while the state still retains control over some heavy industries . Despite the dominance of state ownership in finance , telecommunications , petroleum and other important sectors of the economy , private entrepreneurs continue to expand into sectors formerly reserved for public enterprise . Prices have also been liberalized . </P>
china 's initial economic reforms were in which sector
china 's initial economic reforms were in which sector
Agriculture light industry
Agriculture light industry