abstract: China's impressive economic growth and development under economic reform and open-doorpolicy after 1979 has the foundation of the 30 years of pre-reform industrialization which had transformed the traditional dual economy.A closer look at the Chinese reform and its outcomes would see the continuation of many pre-reform institutions and policies up to the present day, creating an innovative hybridization of economic practices from multiple sources.This process of continuous innovation is named in
journal: Hong Kong Review of Belt and Road Studies