China at the Threshold of a Market Economy

Michael Bell, Kalpana Kochhar and Hoe Ee Khor

No 1993/006, IMF Occasional Papers from International Monetary Fund

Abstract: This paper reviews China's experience with market-oriented reform since 1978, including domestic reforms, the opening of the economy to foreign trade and investment, and the decentralization of decision making. It identifies special conditions that may have affected China's capacity to implement reforms, assesses the impact of the reforms on the structure of the economy and on its integration into the world economy, examines the effect of the reforms on macroeconomic management and stability, and draws implications for the direction of China's future reform strategy.

Keywords: OP; enterprise; economy; government; market forces; state; village enterprise; economic system; enterprise reform; commodity economy; shareholding company; Exports; Foreign direct investment; Public enterprises; Eastern Europe; Global; Asia and Pacific; Southeast Asia; East Asia (search for similar items in EconPapers)
Pages: 104
Date: 1993-06-16
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Citations: View citations in EconPapers (37)

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