Chinese economic reforms / edited by

Since the death of Chairman Man in 1976 and the downfall of the Gang of Four, China under Deng Xiaoping has undergone significant economic reforms. Though these new policies are seen by the present Chinese leadership as a clean break from the regime of the previous decade, many of them in fact have been tried or proposed before, albeit with little success,

Enterprises in China are now supposedly encouraged to stimulate production and initiative by unprecedented financial autonomy, China is forsaking her traditional stance of self-reliance and once more establishing trading and technological links 51 with Japan and the West, Her willingness to co-operate with Britain over the leasing of Hong Kong, from whose capitalist economy China gains financially, is another example,

How profound and how lasting are these changes, and how new are these reformed policies are issues addressed in this book. It further looks at Chinese economists' own conceptions of the necessity for change and compares China's reforms with similar ones carried out by the Soviet Union and Eastern Europe. There is a detailed analysis of the different sectors of the economy which shows how the reforms have been carried through in practice, Overall, this book provides a valuable insight into the direction the Chinese economy will take in the future and offers answers to questions that concern not only China, but also economic development and socialism generally.