Abstract
Since 1978 the Chinese government has adopted a series of measures for economic ‘reforms, readjustment and restructuring’.1 These reforms have been motivated largely by the need to:
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(i)
ensure greater efficiency in resource use rather than pure resource mobilisation;
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(ii)
give more emphasis to consumption (and hence to production of consumer goods) than to investment;
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(iii)
delegate management and planning responsibility to lower echelons of administrative hierarchy with a view to encouraging ‘local initiatives’;
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(iv)
provide greater decision-making power to the state enterprises in respect of production-mix and factor use, and
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(v)
promote private sector sideline activities in urban and rural areas for employment and income generation.
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Notes
See Robert F. Dernberger, ‘The Chinese Search for the Path of Self—sustained Growth in the 1980’s: An Assessment’, in US Congress Joint Economic Committee, China Under the Four Modernisations, Part I (Washington, D.C., August 1982).
See Yang Jianbai and Li Xuezeng, ‘The Relations Between Agriculture, Light Industry and Heavy Industry in China’, Social Sciences in China, vol. I (June 1980) no. 2.
Wang Bingqian, ‘Report on Financial Work’, Beijing Review, 29 September 1980.
Zhang Shugyuang, ‘Reform the Economic Structure and Increase the Macroeconomic Results — An Analysis of China’s Economic Structure and the Changes in Economic Results’, Social Sciences in China, Beijing, vol. III (March 1982) no. 1.
Andrew Watson, ‘Industrial Development and the Four Modernisations’, in Bill Brugger (ed.), China Since the Gang of Four (London: Croom Helm, 1980) pp. 118–19.
See Liang Liguang, ‘Develop Regional Superiority, Greatly Develop Light Industry — A Survey of the Light Industries in Hubei and Hunan’, Congren Ribao (Workers’ Daily), Beijing, 17 July 1980.
See Amartya Sen, Employment, Technology and Development (Oxford: Clarendon Press, 1975) chapter 3.
See Alexander Eckstein, China’s Economic Revolution (Cambridge University Press, 1977) pp. 82–3.
See J. Sigurdson, Rural Industrialisation in China (Cambridge, Mass.: Harvard University Press, 1977);
C. Riskin, ‘Intermediate Technology in China’s Rural Industries’, in Austin Robinson (ed.), Appropriate Technology for Third World Development — Proceedings of a Conference held by the International Economic Association (London: Macmillan, 1979);
and Keith Griffin and Ashwani Saith, Growth and Equality in Rural China (Singapore: ILO, Asian Employment Programme (ARTEP), 1981).
See Shigeru Ishikawa, ‘China’s Food and Agriculture: Performance and Prospects’, in Erwin M. Reisch (ed.), Agriculture Sinica (Berlin: Duncker & Humboldt, 1982).
Thomas B. Wiens, ‘Price Adjustment, the Responsibility System and Agricultural Productivity’, American Economic Review, Papers and Proceedings (May 1983).
Benedict Stavis, ‘Rural Institutions in China’, in R. Barker, R. Sinha et al. (eds), The Chinese Agricultural Economy, Westview Special Studies on China and East Asia (Boulder, Colorado: Westview Press, 1982).
See Hu Mengzhou, ‘Solution to Employment Problems’, Beijing Review, 27 September 1982
and Feng Lanrui and Zhao Lükuan, ‘Urban Unemployment in China’, Social Sciences in China, vol. III (March 1982) no. 1.
Wu Jiuxin, ‘Beijing is Solving its Youth Unemployment Problem’, China Reconstructs, vol. XXXII (June 1983) no. 6, and ‘Reform of the Employment System’, Beijing Review, 4 April 1983.
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© 1984 A. S. Bhalla
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Bhalla, A.S. (1984). The New Economic Policy Frame. In: Economic Transition in Hunan and Southern China. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-07207-1_2
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DOI: https://doi.org/10.1007/978-1-349-07207-1_2
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