Economic Growth, Market-Oriented Reform, and Monetary Policy in China

Wei Liu ()
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Wei Liu: Renmin University of China

Chapter Chapter 1 in Research on China’s Monetary Policy System and Conduction Mechanism, 2023, pp 1-20 from Springer

Abstract: Abstract At the initial stages of reform and opening up, Deng Xiaoping put forward the idea of “quadrupling” the national economic aggregate to realize a Chinese-style modernization. Later, he further developed this idea into a “three-step” strategic idea. On April 30, 1987, when meeting with guests from Spain, Deng Xiaoping said, “Our goal for the first step is to reach, by 1990, a per capita GNP of US$500, that is, double the 1980 figure of $250. The goal for the second step is, by the turn of the century, to reach a per capita GNP of $1,000.

Date: 2023
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DOI: 10.1007/978-981-19-9060-1_1

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