... economy The Chinese economy has changed significantly from a planned structure towards a market economy since China implemented economic reforms and international policies in 1978. Subsequently, western management accounting concepts and techniques have been introduced into China via various...

... policy, PRC attracted a huge amount of foreign direct investment. For the first time, the progressive move from a planned economy to market economy repositioned the State's role in the economy and allowed the market mechanism to play a role in its economic development (Wei and Eddie, 1996 , p. 12, Yee...