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Economic Planning in China

Author

Listed:
  • Gregory C. Chow

    (Princeton University)

Abstract

This paper provides an up-to-date study of economic planning in China as it affects the economic development, growth and fluctuations of the Chinese economy. Although economic planning has been practiced in China since 1953 when the first Five-Year Plan began, its nature has changed after economic reform started in 1978. Market reform reduced the importance of central planning, but more recently the global economic recession and China?s active macro-economic policy interventions have increased the importance of economic planning. Our discussion is divided into the following sections: 1. Role of planning in the Chinese economy. 2. Scope of planning. 3. Numerical targets of the Plan and the degree to which the targets are met. 4. Organization of the NCDR. 5. How a plan is implemented. 6. Effects of planning on China?s economic development.

Suggested Citation

  • Gregory C. Chow, 2011. "Economic Planning in China," Working Papers 1318, Princeton University, Department of Economics, Center for Economic Policy Studies..
    • Handle: RePEc:pri:cepsud:219
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    File URL: https://gceps.princeton.edu/wp-content/uploads/2017/01/219chow.pdf
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    Citations

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    Cited by:

    1. Md. Salamun Rashidin & Sara Javed & Lingming Chen & Wang Jian, 2020. "Assessing the Competitiveness of Chinese Multinational Enterprises Development: Evidence From Electronics Sector," SAGE Open, , vol. 10(1), pages 21582440198, January.
    2. Li, Xinxiang & Soobaroyen, Teerooven, 2021. "Accounting, Ideological and Political Work and Chinese multinational operations: A neo-Gramscian perspective," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 74(C).

    More about this item

    Keywords

    China; Chinese economy; growth; planning; five year plans; market reforms;
    All these keywords.

    JEL classification:

    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
    • E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • N15 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Asia including Middle East
    • P20 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - General

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