China: An Evolving Market Economy: A Review of Reform Experience

November 1, 1992

Preview Citation

Format: Chicago

Kalpana Kochhar, and Michael W. Bell China: An Evolving Market Economy: A Review of Reform Experience, (USA: International Monetary Fund, 1992) accessed December 2, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

This paper examines China’s reform experience since 1978, reviewing major initiatives taken and assessing their impact on economic structure and their implications for macroeconomic management and stability. It identifies some of the special conditions before and during the reform process that impinged on China’s capacity to implement reforms, and, in particular, those where China may differ from other countries undertaking reform, including former CPEs. A further consideration is the choice of the sequence and pace of reform and the structural and institutional changes that are needed to reorient the economy towards the market.

Subject: Agricultural sector, Economic sectors, Fiscal policy, Foreign exchange, Inflation, Labor, Prices

Keywords: Aggregate demand, Agricultural sector, Budget constraint, Eastern Europe, Economic system, Enterprise autonomy, Enterprise burden, Enterprise group, Enterprise reform, Enterprise sector, Enterprise share, Foreign trade, Inflation, Market forces, Market price, Pricing system, Resource allocation, State enterprise, Village enterprise, WP

Publication Details

Pages:

67
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 1992/089
Stock No:

WPIEA0891992
ISBN:

9781451851212
ISSN:

1018-5941

Notes

Examines China's reform experience since 1978.

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