Economic System Reform in China

Yuyan Zhang

No wp-1989-055, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: Ever since 1978, China has been making more and more progress in her economic system reform and gaining popularity around the world. This paper gives a general picture of China's economic system reform: its background, problems, policies, achievements and prospects.The Stalinist model was almost entirely copied by China as a means of organising the economic life and industrialising her economy in the early 1950s. By doing so, China had made some achievements before 1978, but as time passed, China's national economy lost impetus and was soon left far behind by developed countries.

Keywords: Economic policy; Rural planning (search for similar items in EconPapers)
Date: 1989
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