20090114 - Market is supplementary. Decontrolling key...

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Reformation of China: expanding the market forms, the socialist market. 1987, renounciation of the primary status. Market capitalism introduced. Emphasized competition and hard work. Lessons of capitalism rejected. 1984 marks turning point at 12th Party congress. Major feature of reform, to reduce scope of the plan. Introduce market forces.
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Unformatted text preview: Market is supplementary. Decontrolling key products and sectors, allowing market to thrive. Retraining managers to operate in market environment. Production management. Once they dismantled the system of planning, they proceeded gradually. Deepening of all reforms over time. Oscillations of policy advances. (reform and retreat)...
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