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China's Economy Evolution
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Reform-dubbed China's "Second Revolution" was one of the most common terms in China's political vocabulary in the 1980's. Reform of the Chinese Communist Party and its political activities, reform of government organization, reform of the economy, military reforms, cultural and artistic reforms, indeed, China's post-Mao leaders called f .... Middle of paper .... measure the success of these reforms.
China's transition from a planned economy to a market economy began at the end of 1978. When China started the process, the government did not have a well-designed blueprint. The approach to reform has been characterized by some to be piecemeal, partial, and often times experimental. This view however has not been shared by all economists, "some economists regard this approach as self-defeating (Murphy, S ....
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Number of words: 3044 Number of pages: 12 (approx. 250 words per double-spaced page)
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