China: An Evolving Market Economy: A Review of Reform Experience
November 1, 1992
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Summary
This paper examines China’s reform experience since 1978, reviewing major initiatives taken and assessing their impact on economic structure and their implications for macroeconomic management and stability. It identifies some of the special conditions before and during the reform process that impinged on China’s capacity to implement reforms, and, in particular, those where China may differ from other countries undertaking reform, including former CPEs. A further consideration is the choice of the sequence and pace of reform and the structural and institutional changes that are needed to reorient the economy towards the market.
Subject: Agricultural sector, Economic sectors, Fiscal policy, Foreign exchange, Inflation, Labor, Prices
Keywords: aggregate demand, Agricultural sector, budget constraint, Eastern Europe, economic system, enterprise autonomy, enterprise burden, enterprise group, enterprise reform, enterprise sector, enterprise share, foreign trade, Inflation, market forces, market price, pricing system, resource allocation, state enterprise, village enterprise, WP
Pages:
67
Volume:
1992
DOI:
Issue:
089
Series:
Working Paper No. 1992/089
Stock No:
WPIEA0891992
ISBN:
9781451851212
ISSN:
1018-5941
Notes
Examines China's reform experience since 1978.
