It has been more than 40 years since the People's Republic of China (PRC) opened its economy to the world, implementing the so-called Gaige Kaifang or “Reform and Opening” implemented by Deng Xiaoping.It has been more than 40 years since the People's Republic of China (PRC) opened its economy to the world, implementing the so-called Gaige Kaifang or “Reform and Opening” implemented by Deng Xiaoping.