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Interaction and Development of Chinese Education and the Chinese Economy

In: The New Chinese Economy

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  • Xiaomei Ji

Abstract

From 1949 to 1978, the People’s Republic of China employed a Soviet-style centrally planned economy. Throughout the country, private business and free enterprise were not allowed to exist. After the end of the Cultural Revolution in 1976, Deng Xiaoping and the new Chinese leadership began the reformation of the economy, moving to a market-oriented mixed economy under one-party rule. Economists now characterize the Chinese economy as a market economy, sheltered under state capitalism. With the rapid increase of enrollment in elementary and higher education, there is an expectation of exceptional prospects for China in the future.

Suggested Citation

  • Xiaomei Ji, 2012. "Interaction and Development of Chinese Education and the Chinese Economy," Palgrave Macmillan Books, in: Elias C. Grivoyannis (ed.), The New Chinese Economy, chapter 5, pages 93-103, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-01204-3_5
    DOI: 10.1057/9781137012043_5
    as

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