Exploration: From New China’s First 30 Years to Next 40 Years

Shaoguang Wang ()
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Shaoguang Wang: Huazhong University of Science and Technology

Chapter Chapter 4 in China’s Rise and Its Global Implications, 2021, pp 115-154 from Springer

Abstract: Abstract This chapter reviews China’s continuous exploration of a new path toward socialism in the last 70 years. In the first 30 years, due to Mao’s painstaking effort, China built a socioeconomic system that deviated considerably from the rigid Soviet model. In the latter 40 years, a wide range of reforms has been introduced. Economically, the share of the public sector has significantly decreased, and the form of the public sector has also altered. Obviously, this is far from the traditional “socialist” model. Nevertheless, China's public sector is still a much larger component of its economy than that in most countries. Politically, it can be said that Chinese politics has been changing every day, and Chinese politics remains essentially the same despite all apparent changes. Between change and persistence, China has found a new path toward political modernity.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-16-4341-5_4

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DOI: 10.1007/978-981-16-4341-5_4

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