Two Decades Of Reform In China

Book excerpt: A planned economy system was set up in China after the establishment of the PRC in 1949, and its reform was launched in 1978. The reform has gone on for 20 years and has achieved globally recognized success. China's economy is now in the course of transforming from a planned economy into a socialist market economy. This book summarizes the successful experiences and points out the difficulties of the deep reform and the prospects for the 21st century. Rich in historical data and material, it provides valuable information for readers from universities, institutions and enterprises as well as government officials — whoever is interested in China and its economic reform.The author, a famous Chinese economist, has been involved in the leadership of the Chinese economic system's reform since its launch in 1979. In 1998 he was invited by the World Bank to give a series of seminars on China's economic reform, and most of the contents of those seminars are included in this book.