Tag Archives: Reform

Economic reform in the People’s Republic of China (8)

Wealth disparity Living standards for everyone in China have drastically increased in comparison to the pre-reform era, but so has the wealth disparity. Many foreign and domestic Chinese scholars and researchers argue that political reforms are required to counter the widespread corruption in China, which results in corrupted cadres and their associates acquiring wealth at [...]

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Economic reform in the People’s Republic of China (4)

History (3) In other respects China’s economy was quite different from those of most developing nations. The most important difference was that the Chinese economy–although in the midst of far-reaching changes–was organized as a socialist system, directed by a central planning structure. The predominance of state and collective ownership, firm central control over the financial [...]

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Economic Reform in the People’s Republic of China (1)

The Chinese economic reform refers to the program of economic reforms called “Socialism with Chinese characteristics” in the People’s Republic of China (PRC) that were started in 1978 by pragmatists within the Communist Party of China (CPC) led by Deng Xiaoping and are ongoing as of the early 21st century. The goal of Chinese economic [...]

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