An introduction to the chinese economic reform

It laid the groundwork for future growth by introducing reforms that allowed farmers to sell their produce in local markets and began the shift from collective farming to the household responsibility system.

An introduction to the chinese economic reform

Hua had demonstrated a desire to continue the ideologically based movements of Mao.

Jul 29,  · Image: A Chinese national flag flutters at the headquarters of a commercial bank on a financial street near the headquarters of the People’s Bank of China, China’s central bank, in central Beijing November 24, Introduction. Between and , under Mao Zedong’s 毛泽东 leadership, the Chinese Communist Party (CCP) implemented socialist economic policies. Chinese economic reform. Jump to navigation Jump to search History of the People's Republic of China (PRC) – Mao era With the introduction of the dual-price system and greater autonomy for enterprise managers, productivity increased greatly in the early s.

This last area was particularly troubling. It had become clear to members of the CCP that economic reform would fulfill a political purpose as well since the party felt, properly it would seem, that it had suffered a loss of support.

The traumatic experience of the Cultural Revolution had eroded popular trust in the moral and political virtue of the CCP. Confucius himself had posited in the fifth century BCE that those individuals who best demonstrated what he referred to as moral force should lead the nation.

Using this principle as a guide, China had for centuries attempted to choose at least its bureaucratic leaders by administering a test to determine their moral force. Needless to say, that which constituted correct consciousness was often determined and assessed by Mao.

Nevertheless, the ideal of moral force was still a potent one in China even after the Communist takeover. Thus, paradoxically, by demonstrating their expertise in a more practical area of competence, the leaders of the CCP felt they could demonstrate how they were serving the people.

But Shirk feels that, in those pre-Tienenmen days, such a move came about also as a result of an attempt by CCP leaders to demonstrate, in a more practical and thus less obviously ideological manner than Mao had done, their moral force. This is not to say that the idea of economic reform was embraced enthusiastically by all members of the leadership of the Chinese Communist Party in To a great extent, the issue of economic reform became politicized as the issue was used as a means by Deng Xiaoping to attain the leadership of the Chinese Communist Party.

Deng took advantage of this economic crisis to discredit Hua and aim for leadership of the party. Once Deng and his faction had prevailed, it was necessary for some sort of economic reform to evolve.

The initial form the new economy took was not a radical one.

An introduction to the chinese economic reform

However, as time passed, some basic aspects of the old system were altered either by design or via the process of what might be called benign neglect. As Shirk points out, in rural areas, decollectivization was occurring: Infurther reforms were introduced.

Chinese economic reform - Wikipedia

For example, long-term sales contracts between farmers and the government were established. This allowed a great percentage of the populace to become involved in private enterprise and investment in family or group ventures.

The conditions also allowed rural Chinese to leave the villages and become involved in industry in urban centers Shirk The economy grew so quickly that inflation occurred and the government had to reinstitute price controls. Another important aspect of Chinese economic reform was the decision of China to join the world economy.

Deng Xiaoping and his allies hoped to effect this resolution in two ways: In an article written injust two years after the Open Policy was first proposed, Andrew J.

Nathan noted the almost pathological resistance to foreign intervention in the Chinese economy:tant conclusions summarized in the last section concerning economic reform in general.

An introduction to the chinese economic reform

Much of the material is drawn from the author’s book China’s Economic Transformation(Blackwell, ). Peking University Pressc Key Words: China; Economic reform; Economic growth; Institutional changes; Economic policy. The Chinese Economy: Transitions and Growth. Cambridge, MA: MIT Press, E-mail Citation» After providing background information on China’s geography and on the economic developments before , Naughton analyzes the reforms in both agriculture and industry and developments in .

This comprehensive overview of the modern Chinese economy by a noted expert from China offers a quality and breadth of coverage. In this book, the author provides an introduction to China's economy since and original insights based on his own extensive research.

In this book, the author provides an introduction to China's economy since and original insights based on his own extensive research. The book sets out to analyze and compare the operational mechanisms of the Chinese economy between the pre- and post-reform periods and through national, regional and local dimensions.

This chapter focuses on the economic reform by Chinese economists. The discussion of the economic reform by Chinese economists began, in Eastern Europe and the USSR, in the late s and early s, in the works of Xue Muqiao, Sun Yefang, and others.

Introduction. Between and , under Mao Zedong’s 毛泽东 leadership, the Chinese Communist Party (CCP) implemented socialist economic policies.

Economic history of China (–present) - Wikipedia