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China: An Evolving Market Economy: A Review of Reform Experience
Author:
Ms. Kalpana Kochhar
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Mr. Michael W. Bell
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Series:
IMF Working Papers
Volume/Issue:
Volume 1992: Issue 089
Language:
English
Publication Date:
01 Nov 1992
DOI:
https://doi.org/10.5089/9781451851212.001
ISBN:
9781451851212
ISSN:
1018-5941
Pages:
67
Keywords:
WP; state enterprise; pricing system; market forces; aggregate demand; economic system; enterprise reform; foreign trade; resource allocation; budget constraint; enterprise autonomy; village enterprise; enterprise share; market price; enterprise group; enterprise burden; Inflation; Agricultural sector; Eastern Europe; enterprise sector
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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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.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund