Interaction and Development of Chinese Education and the Chinese Economy

Xiaomei Ji

Chapter 5 in The New Chinese Economy, 2012, pp 93-103 from Palgrave Macmillan

Abstract: Abstract From 1949 to 1978, the People’s Republic of China employed a Soviet-style centrally planned economy. Throughout the country, private business and free enterprise were not allowed to exist. After the end of the Cultural Revolution in 1976, Deng Xiaoping and the new Chinese leadership began the reformation of the economy, moving to a market-oriented mixed economy under one-party rule. Economists now characterize the Chinese economy as a market economy, sheltered under state capitalism. With the rapid increase of enrollment in elementary and higher education, there is an expectation of exceptional prospects for China in the future.

Keywords: Foreign Direct Investment; Chinese Student; Chinese Economy; Outward Foreign Direct Investment; Foreign Exchange Reserve (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-01204-3_5

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DOI: 10.1057/9781137012043_5

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