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Chinese Debate on Economic Reform: can China create a socialist market economy?

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  • Ramon H. Myers

Abstract

Between 1978 and 1992 a pattern of reform and tightening, inflation and deflation developed in China. The CPC realised that limiting central planning and expanding the role of the market had not alleviated the economic problems. In 1990–91 it was decided that the socialist core of China's economy should be restructured as a ‘socialist market economy’. This article follows the Chinese debate on the content and structure of the reform process and its effects on China's economic institutions.

Suggested Citation

  • Ramon H. Myers, 1995. "Chinese Debate on Economic Reform: can China create a socialist market economy?," Asian-Pacific Economic Literature, The Crawford School, The Australian National University, vol. 9(2), pages 55-68, November.
    • Handle: RePEc:bla:apacel:v:9:y:1995:i:2:p:55-68
    DOI: 10.1111/j.1467-8411.1995.tb00113.x
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    Cited by:

    1. Gautam Jaggi & Mary Rundle & Daniel H. Rosen & Yuichi Takahashi, 1996. "China's Economic Reforms: Chronology and Statistics," Working Paper Series WP96-5, Peterson Institute for International Economics.
    2. Morduch, Jonathan & Sicular, Terry, 2000. "Politics, growth, and inequality in rural China: does it pay to join the Party?," Journal of Public Economics, Elsevier, vol. 77(3), pages 331-356, September.
    3. Hongbin Li & Pak Wai Liu & Ning Ma & Junsen Zhang, 2005. "Does Education Pay in Urban China? Estimating Returns to Education Using Twins," Discussion Papers 00013, Chinese University of Hong Kong, Department of Economics.

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