Economic Reforms in the People's Republic of China

Abstract

The emphasis in this paper is primarily on rural economic reforms. Industrial reforms are treated quite briefly. The primary reason for this allocation is that the agricultural reforms have been much more sweeping than the industrial reforms and have had more striking consequences. Another reason, of course, is that China remains a primarily rural country, with 80% of the population living in rural areas. A final reason is that there has been much trial and error in urban and indus-