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One of the most striking phenomena in past three decades is China's economic liberalization and rapid growth. This has directly affected the lives of its 1.3 billion people, not to mention the millions living within the boundaries of its trading partners.
1 Φεβ 2018 · In my view, China's reforms can be distinguished in three phases: Market Seeking reforms, roughly from 1978 to 1993; Market Building reforms from 1993 to around 2003; and Market Enhancing Reforms from about 2003 onwards.
1 Δεκ 2018 · Forty years ago, in December 1978, following a decade of the Cultural Revolution led by Mao Zedong that left the communist country in ruins, a series of transformative economic reforms opened China up to the international community and foreign investment.
For almost 30 years after 1978, state-owned enterprise (SOE) reform was one of the central initiatives of China’s overall economic reform (see Song, this volume). But during the mid-2000s, the impetus behind SOE reform stalled and little was achieved for almost a decade.
17 Δεκ 2018 · On Dec. 13, 1978, at the close of a Communist Party gathering that lasted over a month, Chinese leader Deng Xiaoping delivered a speech that laid out a pragmatic vision for China’s future....
Economic reforms began in earnest during the "Boluan Fanzheng" period, especially after Deng and his reformist allies rose to power with Deng replacing Hua Guofeng as the paramount leader in December 1978. By the time Deng took power, there was widespread support among the elite for economic reforms. [25]
Why economic reform started in 1978. Deng Xiaoping took over control of the Communist Party of China (CPC) in 1978. He was responsible for initiating reform of the planned economy to move towards a more market-oriented economy.