Tag Archives: farmer

The Spark Program

At the end of the 1970s, the reform of economic institution first started in rural areas in China. The family output related contract responsibility system was established and has aroused the farmers’ enthusiasm for getting rich through hard working and brought about a significant change to the production relations in the rural areas. Since the [...]

Posted in China Economy | Tagged , , , , , | Leave a comment

Economic reform in the People’s Republic of China (7)

Poverty reduction Since 1978, when Deng Xiaoping acquired power in the CCP and started the reforms, economic reforms in the PRC have finally given the people of China an opportunity to choose a job they want. However, before these reforms, workers may not have had the opportunity to earn higher wages, gain benefits from employers, [...]

Posted in China Economy, History of China | Tagged , , , | Leave a comment

Economic reform in the People’s Republic of China (2)

History  (I) The first reforms in the late 1970s and early 1980s consisted of opening trade with the outside world, instituting the household responsibility system in agriculture, by which farmers could sell their surplus crops on the open market, and the establishment of Town and Village Enterprises (TVEs). The process of economic reform began in [...]

Posted in China Economy, History of China | Tagged , , , | Leave a comment