IDEAS home Printed from https://ideas.repec.org/h/spr/sprchp/978-981-16-4341-5_5.html
   My bibliography  Save this book chapter

Steering: From Planning to Programming

In: China’s Rise and Its Global Implications

Author

Listed:
  • Shaoguang Wang

    (Huazhong University of Science and Technology)

Abstract

This chapter deals with one of China’s “secret weapons” for development: medium and long-term planning. Since 1953, China has completed 13 five-year plans, among which 6 were implemented after 1992 when China announced to move from a planned economy to a socialist market economy. China’s five-year plan today is called “guihua,” very different from previous “jihua.” Its range of coverage is more comprehensive than before, involving not only economic development but also social development, and its nature is more macroscopic than micro-managerial, no longer aiming at dictating activities of individual enterprises. Planning still plays a key role in resource allocation, especially in strategic areas, but in most areas, the market's role is more fundamental and decisive. China still insists on formulating a five-year plan mainly to clarify national strategic intentions, underscore government priorities, and guide market players’ behaviors.

Suggested Citation

  • Shaoguang Wang, 2021. "Steering: From Planning to Programming," Springer Books, in: China’s Rise and Its Global Implications, chapter 0, pages 155-183, Springer.
    • Handle: RePEc:spr:sprchp:978-981-16-4341-5_5
    DOI: 10.1007/978-981-16-4341-5_5
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:sprchp:978-981-16-4341-5_5. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.