Market Mechanism and Macroeconomic Control

Yang Jianbai

Chinese Economy, 1986, vol. 20, issue 2, 75-82

Abstract: "The Party Central Committee's Proposal on Formulating the Seventh Five-Year Plan for the National Economy and Social Development" pointed out that, in establishing a new economic structure, efforts should be made to fit in the needs of a planned commodity economy based upon public ownership. Three key elements are to be grasped: infusing enterprises with new vitality, establishing a commodity market, and an indirect control system. The three go together. This article will focus on some questions of the market mechanism and macroeconomic control under existing conditions.

Date: 1986
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