Advertisement

Macroeconomic Management Reform in China

  • Xinli Zheng
Chapter

Abstract

The highly-centralized management system is one of the major characteristics of the traditional economic system. The principal theoretical basis for the formation of this management system is that China has transferred the means of production to public ownership, in which case the government serves as the management center of the social economy, directly allocates social labor according to the demands of society, and thus strikes a balance between the supply and demand of social products.

Copyright information

© The Commercial Press, Ltd. and Springer Nature Singapore Pte Ltd. 2018

Authors and Affiliations

  1. 1.China Center for International Economic ExchangesBeijingChina

Personalised recommendations