Theoretical Model of China’s Reform: Model Construction, Interpretation, and China’s Practices

Zong Liang
Additional contact information
Zong Liang: Bank of China

Chapter Chapter 8 in The Innovation of Economic Theory in China, 2026, pp 339-369 from Springer

Abstract: Abstract The Third Plenary Session of the 11th CPC Central Committee in 1978 kicked off China’s reform and opening up. After more than 40 years of exploration, China has basically established a socialist market economy. This is an unprecedented system change. Generally speaking, China is a country with vast territory, multi-nations, and weak economic foundation. However, in a complex environment where domestic and international challenges are intertwined, it has completed a rare system transformation in human history in a relatively short period of time and achieved the goal of economic take-off and industrialization. So there must be experience worth summarizing. From an international perspective, many countries have promoted similar transformation or market-oriented reforms, but most of them have only achieved a short-term prosperity, and many have encountered major setbacks or failures in their reforms. Therefore, China’s successful experience in reform and opening up is particularly important and precious.

Date: 2026
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-95-2713-7_8

Ordering information: This item can be ordered from
http://www.springer.com/9789819527137

DOI: 10.1007/978-981-95-2713-7_8

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().