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Market Development in Chinese Economic Reform

In: Market Forces in Planned Economies

Author

Listed:
  • Dong Fureng

    (Chinese Academy of Social Sciences)

  • Tsuneaki Sato

    (Nihon University)

  • Cyril Lin

    (St Antony’s College)

Abstract

China is a socialist developing country. As a socialist country, China is faced with the task of reforming the traditional socialist economic system; as a developing country, she is confronted with the task of economic development (including the development of the political system, culture, science and technology, and social structures). These two task are interrelated. The past decade has witnessed important achievements in China’s economic systems reform, but complex problems remain to be solved. This paper reflects on some of these problems in China’s economic reform in which a developing socialist country is in a period of transition from a product economy which rejects the market mechanism to a commodity (or market) economy.

Suggested Citation

  • Dong Fureng & Tsuneaki Sato & Cyril Lin, 1990. "Market Development in Chinese Economic Reform," International Economic Association Series, in: Oleg T. Bogomolov (ed.), Market Forces in Planned Economies, chapter 12, pages 240-269, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-349-11559-4_12
    DOI: 10.1007/978-1-349-11559-4_12
    as

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