How much slack was there in the Chinese economy prior to its economic reform of 1978?

2017 ◽  
Vol 45 ◽  
pp. 124-142 ◽  
Author(s):  
Lawrence J. Lau ◽  
Huanhuan Zheng
Keyword(s):  
Economic Reform ◽  
Chinese Economy

Startups Creation and Development in China

2020 ◽  
Vol 11 (4) ◽  
pp. 1191
Author(s):  
Aisen Afanasievich LARIONOV ◽  
Evgeniy Fedorovich AVDOKUSHIN ◽  
Galina Ivanovna RATZ
Keyword(s):  
Economic Reform ◽  
Global Economy ◽  
Agricultural Sector ◽  
Chinese Economy ◽  
Open Door Policy ◽  
Economic Management ◽  
Economic Entity ◽  
Role Of The State ◽  
Main Components

The reform of the economic system in China initiated under the leadership of Deng Xiaoping in the late 70s of the 20th century included as the main components and mechanisms the gradual and consistent elimination of the state’s status of a monopoly economic entity. The economic reform was aimed at, first, the de-collectivization of the agricultural sector, the gradual implementation of individual and private forms of ownership, private economy management, and the transition from an administrative-command model of economic management to the use of commodity-money, and then market methods of economy management at the determining and directing role of the state. An open-door policy and foreign economy, as well as the use of the global economy mechanisms and potential, have become the most important components of economic reform and the entire development model of the Chinese economy.

Economic Reform, Discontinuous Change and China's Future

2003 ◽  
Vol 2 (2) ◽  
pp. 255-282 ◽  
Author(s):  
Miron Mushkat
Keyword(s):  
Economic Reform ◽  
Political System ◽  
Chinese Economy ◽  
Economic Institutions ◽  
Discontinuous Change

AbstractThe Chinese economy has undergone a significant transformation in the last quarter of a century. The restructuring of economic institutions has attracted considerable academic attention and has spawned a substantial number of scholarly investigations. The voluminous literature that has emerged nevertheless contains some fundamental gaps and is not entirely balanced. Some recent studies have challenged the assumptions upon which the entire edifice rests and have painted a far more cautious picture of the economy and political system in the coming years. This picture, in turn, needs to be extended, refined and, if possible, at least partially validated.

scholarly journals Economic transition: what can be learned from China’s experience

1999 ◽  
Vol 26 (7/8/9) ◽  
pp. 1091-1123 ◽  
Author(s):  
Charles Harvie
Keyword(s):  
Transition Economies ◽  
Economic Reform ◽  
Economic Transition ◽  
Social Performance ◽  
Chinese Economy ◽  
Market Economies

The last decade of this century has witnessed the transition of the formerly centrally planned economies of Europe and Asia to market economies, a process affecting some 1.7 billion people in 28 countries. While much agreement exists on the sorts of reform measures required, disagreement exists over their sequencing. The economic and social performance of these transition economies has varied considerably and for a variety of reasons, however China’s performance, in particular, has been outstanding. The paper reviews the reform measures required for economic transition, and alternative sequencing approaches to these reforms. It conducts an overview of the performance of the transition economies, with focus placed upon the experience of the Chinese economy. An analysis of China’s approach to economic reform, its key components, major outcomes and outstanding issues are discussed. Key lessons to be derived for other transition economies from China’s experience are also presented.

Central–Local Relations in an Era of Fiscal Decline: The Paradox of Fiscal Decentralization in Post-Mao China

1991 ◽  
Vol 128 ◽  
pp. 691-715 ◽  
Author(s):  
Christine P. W. Wong
Keyword(s):  
Economic Reform ◽  
Local Governments ◽  
Fiscal Decentralization ◽  
Revenue Sharing ◽  
Chinese Economy ◽  
Central Control ◽  
Local Autonomy ◽  
Rapid Changes ◽  
Fiscal System ◽  
Proper Balance

Finding the proper balance between central control and local autonomy is a perennial problem in the Chinese economy, and the Chinese fiscal system has undergone numerous changes in central-provincial revenue-sharing arrangements since the 1950s. In the post-Mao period, fiscal decentralization began in 1980 under the slogan of “cooking in separate kitchens” (fenzao chifan), and a series of reforms was implemented to put local governments increasingly on a self-financing basis. However, this attempt to revamp the financial interaction between the central and provincial governments has been made immensely more complicated by rapid changes in the fiscal system and the shifting composition of revenues and expenditures brought by economic reform.

Household Expenditure Patterns in Tianjin,

1987 ◽  
Vol 110 ◽  
pp. 179-195 ◽  
Author(s):  
Teh-Wei Hu ◽  
Jushan Bai ◽  
Shuzhong Shi
Keyword(s):  
Economic Reform ◽  
Consumer Goods ◽  
Free Market ◽  
Well Being ◽  
Economic Incentives ◽  
Chinese Economy ◽  
Household Expenditure ◽  
Expenditure Patterns ◽  
Price Levels ◽  
Important Policy

In recent years China has initiated economic reform. One objective of this reform is to improve consumer well-being by producing more agricultural and consumer goods. To achieve this objective, economic controls have been relaxed. A free market has been established and more economic incentives are provided for peasants and workers. The obvious questions to ask are: (1) have households increased their level of consumption? (2) Have the patterns or structure of consumption changed? (3) Has the change in price levels affected consumption? (4) To what extent has the establishment of a free market affected the consumption of free market goods versus goods from state stores? These are important policy questions for economists concerned with the Chinese economy.

Macroeconomic Issues in China in the 1990s

1992 ◽  
Vol 131 ◽  
pp. 501-544 ◽  
Author(s):  
K. C. Yeh
Keyword(s):  
Development Strategy ◽  
Economic Reform ◽  
Economic Efficiency ◽  
Chinese Economy ◽  
Standard Of Living ◽  
Price Stability ◽  
Chinese Leadership ◽  
New Development ◽  
Per Capita ◽  
Year 2000

In 1981 the Chinese leadership set the goal of quadrupling China's 1980 per capita GNP by the year 2000 in order to raise the people's standard of living to a “relatively comfortable level.” But apart from sustained growth, the Chinese planners are also very much concerned with economic efficiency and price stability. The new development strategy to attain these goals is economic reform and opening to the outside world Over a decade has now elapsed since these goals were set. This article addresses the issues of how far the Chinese economy has advanced toward those objectives, the major challenges that lie ahead and China's economic prospects in the 1990s.

scholarly journals La evolución de las exportaciones de bienes de China: una visión panarómica = Chinese goods exports development: An overview

2013 ◽  
pp. 101
Author(s):  
Ana Salvador Chamorro
Keyword(s):  
International Trade ◽  
Foreign Trade ◽  
Economic Reform ◽  
World Economy ◽  
Chinese Economy ◽  
Chinese Government ◽  
Financial Flows ◽  
The Past ◽  
The World ◽  
The Future

<p>El proceso de reforma económica que ha experimentado la economía de China es uno de los fenómenos de mayor relevancia en la evolución de la Economía Mundial en los últimos treinta años y, sin duda, seguirá siéndolo en el futuro. Dentro de este proceso, la apertura al exterior, que el gobierno chino inició en 1978, ha situado al país en un lugar de máxima relevancia dentro de los flujos comerciales y financieros internacionales. En este contexto, el objetivo de este trabajo es intentar realizar un análisis general de la evolución del comercio exterior de China en las últimas décadas, prestando especial atención a sus exportaciones de bienes y poniendo énfasis en los cambios experimentados durante los últimos años.</p><p>The process of economic reform that has experienced the Chinese economy is one of the most important events in the evolution of the World Economy in the past 30 years, and will undoubtedly remain so in the future. Within this economic reform, the opening process that the Chinese Government began in 1978, has put the country in a place of utmost importance in the international trade and financial flows. In this context, this paper try to perform an analysis of the evolution of China's foreign trade in recent decades, with particular attention to its exports and emphasizing the changes in recent years</p>

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