 Economic RestructuringLu Aiguo
Chapter 10 in China and the Global Economy Since 1840, 2000, pp 130-140 from Palgrave Macmillan Abstract: Abstract The new wave of modernization in the name of economic reform has introduced significant change in Chinese society and the economy. The move towards an outward-looking, market-driven economy has involved micro- and macroeconomic reform measures, including the decollectivization of agriculture, the decentralization of economic decisionmaking, encouragement for the growth of the non-state sector, enhancement of the incentives for profitmaking among enterprises, and the adoption of liberal economic and fiscal policies. The measures have been implemented in a piecemeal, yet consistent fashion. ‘Shock therapy’ has not been applied, but new initiatives are constantly being undertaken. The reform process has proved to be protracted: nearly 20 years have passed since the onset of reform. Yet, as has been officially recognized, much remains to be done. The transition from the central planning system has turned out to be much longer than the transition to the central planning system. Keywords: Foreign Direct Investment; Foreign Investment; Foreign Trade; Joint Venturis; Capital Good (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-62440-9_11 Ordering information: This item can be ordered from DOI: 10.1007/978-1-349-62440-9_11 Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
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