Editor's Introduction

Gary Zou

Chinese Economy, 1989, vol. 23, issue 2, 3-7

Abstract: The five essays collected here address one of the central issues in China's economic reform of the 1980s: the relationship between the speed of development and the reform of the economic structure. This question became acute in the mid-1980s as the introduction of comprehensive urban reform in 1984 led to high-speed growth of industrial production in late 1984 and early 1985, followed by a subsequent slowdown in late 1985 and early 1986 as "macroeconomic controls" were strengthened. How to evaluate the high-speed growth of the economy in late 1984 and early 1985 and how to assess the impact of the retrenchment measures that were implemented to slow economic growth became central issues among academic circles.

Date: 1989
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