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The Management of China's Modernisation and its Impact on the Rest of the World

Author

Listed:
  • Luo Yuanzheng

    (Institute of World Academy, Chinese Academy of Social Sciences. This paper was prepared while the author was Visiting Fellow to the Research School of Pacific Studies at the Australian National University (under an Australian National University and Australia-China Council Award) and an earlier version was presented to a public lecture there on 17th July 1981. The author is grateful for helpful comments on this paper by several friends and colleagues in Australia, especially Dr. Ross Garnaut, Ms. Judy Barfield (of the Australian National University), and Dr. Roberts Marks (of the Australian Graduate School of Management).)

Abstract

Following mistakes of the past fifteen years, the Chinese economy is entering a new phase in which ever increasing investment in heavy industry gives way to a planned growth in people's consumption and standard of living. This is being accompanied by the abolition of state monopoly, by the abandonment of “sole dealing†, and by allowing prices to be more flexible. The proposed changes will open the Chinese economy to more foreign trading.

Suggested Citation

  • Luo Yuanzheng, 1982. "The Management of China's Modernisation and its Impact on the Rest of the World," Australian Journal of Management, Australian School of Business, vol. 7(1), pages 1-8, June.
    • Handle: RePEc:sae:ausman:v:7:y:1982:i:1:p:1-8
    DOI: 10.1177/031289628200700101
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