A Rational Economic Structure Is the Precondition for Healthy Development of the National Economy

Peng Tian

Chinese Economy, 1984, vol. 17, issue 4, 10-15

Abstract: In a blind pursuit of high growth rate we have ignored for a long time the problem of economic structure, thus seriously disrupting the ratio among the different sectors of the national economy and gravely hampering economic growth. The setback has made us understand the restrictive effect that economic structure has on the rate of economic growth and realize that a rational economic structure is the precondition for speedy and healthy development of the national economy. The economic readjustment now underway is precisely for the purpose of rationalizing step by step the economic structure to lay the foundation for a fairly high rate of growth and positive results in developing the national economy in the future.

Date: 1984
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