Initiated in 1978, China’s reform and opening up is regarded as the greatest economic transformation in the country’s history. By changing the property ownership system and altering the structure of resource distribution, the Communist Party was able to reform its former planned economy and open up its closed economic system.
In the decades that have followed, China has pushed forward the reform of its economic, political, cultural, social and ecological systems. It has also intensified its economic interaction with other nations by relaxing, and even abolishing, many kinds of restrictive policies, in the process stimulating foreign trade and attracting huge amounts of overseas investment.
China is now entering a crucial phase that requires even more thorough reform, complete opening up and constant improvement of the socialist market economic system.
This book analyses the experiences and achievements of this process. It focuses on how the country enhanced the role of market forces in its economy, advanced opening up and set up a variety of development zones across the country. Lively and packed with case studies, China’s Reform and Opening Up gives a fascinating insight into how a relatively poor and backward country achieved such rapid development, and how it rose from being the world's 10th largest economy in 1978 to the second largest today.
Table of Contents
- Structure of the textbook
- Focal points and difficulties
1. Why Does China Need Reform and Opening Up?
- The highly centralized planned economic system
- Reform and opening up – a historical choice
- Economic and social conditions bring about reform and opening up
2. What are the Phases and Contents of China’s Reform and Opening Up?
- Major phases in reform and opening up
- Contents of reform and opening up
3. What are the Major Achievements of China’s Economic Reform?
- Continuous, steady and rapid economic growth
- Rapidly improving living standards
- Rapid development of the mixed ownership economy
- The shaping of a unified and open market with orderly competition
4. What are the Basic Practices of Deepening Reform and Opening Up in China?
- Reform and opening up is a source of vigor for contemporary China to develop and progress
- Taking development as the key to solving all problems
- Stability is a precondition for reform and development
5. Why were Development Zones Designed as Part of Reform and Opening Up?
- The types and growth of development zones
- The practices and features of China’s construction of development zones
- The achievements and experiences of development zones
6. What are the Features of Representative Development Zones in China?
- The construction and development of Shenzhen SEZ
- The construction and development of Pudong New District
- The construction and development of Suzhou Industrial Park
- The practice and exploration of Kunshan ETDZ
- The construction of China (Shanghai) Pilot Free Trade Zone
Chapter Follow-up Questions and References