china's initial economic reforms were in which sector
Chinese economic reform 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.[38]
Beijing–Shanghai high-speed railway The Beijing–Shanghai high-speed railway (or Jinghu high-speed railway, from its name in Mandarin) is a high-speed railway 1,318 kilometres (819 mi) long that connects two major economic zones in the People's Republic of China: the Bohai Economic Rim and the Yangtze River Delta.[3] Construction began on April 18, 2008,[4] and a ceremony to mark the completion of track laying was held on November 15, 2010.[5] The line opened to the public for commercial service on June 30, 2011.[6] It is the world's longest high-speed line ever constructed in a single phase.[7][8][9] It is China's most profitable high speed rail line, reporting a 6.6 billion yuan net operational profit in 2015.[1]