Economic Reform in the People's Republic of China

Key policies not designed by Deng

The secret memoirs of Zhao Ziyang challenged the conventional belief that Deng Xiaoping was the key architect of the economy in the 1980s.

Saturday, 16 May, 2009, 12:00am

Bid to double rural incomes by 2020

Government pledges to boost spending on social welfare in countryside

The elite Central Committee of the Communist Party yesterday set a target to double the per capita disposable income of rural residents by 2020 from 2008 and pledged to increase government spending on social welfare in the countryside.

13 Oct 2008 - 12:00am

Radical rural reform to be discussed by leadership

A rural reform plan to be introduced at a gathering of the Communist Party elite this week would have far-reaching effects on the country's development, the official Outlook magazine said yesterday.

7 Oct 2008 - 12:00am

Party vow to protect private business

Communist leadership promises protection for private business

The Communist Party leadership ended a four-day meeting yesterday with a pledge to deepen economic reforms by protecting private business.

A statement released after the close of the third plenum of the 16th Communist Party Congress dwelled at length on the economy. No political reforms were mentioned.

15 Oct 2003 - 12:00am

Open to criticism

While the People's Daily was this week confidently predicting that the Chinese economy will zoom along in the fast lane for many years, others are saying catastrophe is lurking just around the corner.

It is the first time doomsayers have been allowed to have their say in what is perhaps a sign of the divergent views and styles of President Jiang Zemin and Premier Zhu Rongji .

27 Nov 1998 - 12:00am

Faster reform for China ruled out by ADB director

Any hastening of China's economic reforms was ruled out yesterday by a senior mainland banker.

In a blunt address, Asian Development Bank (ADB) Chinese executive director Li Ruogo admitted delays to financial reforms were to blame for many of the country's problems, including the development of an underground financial market and economic distortions.

30 Apr 1996 - 12:00am

A model of reform for state firms

CHINA'S fast-growing township and village enterprises can offer a solution to the formidable task of reforming the moribund state sector, according to Credit Lyonnais Securities.

In November, the brokerage pioneered a four-day visit to Suzhou and Wuxi in Jiangsu province, one of the three major areas for the booming enterprises.

8 Feb 1996 - 12:00am

Bankers Trust chief confident on mainland

CHINA'S economic policies will not change as a result of the death of paramount leader Deng Xiaoping, Bankers Trust managing director William Overholt says.

Mr Overholt, a China-watcher and writer on politics and emerging economies, said the succession of leadership would get public attention but did not count for that much, as was seen in the former Soviet Union.

18 Jan 1996 - 12:00am

Professor takes the hard line on credit

A TOP economist from the State Council's think-tank said yesterday China should not relax credit to solve state enterprises' problems.

Once the credit crunch was relaxed, inflation would soar and 'triangular' debts among state firms would increase, said Professor Wu Jinglian of the Development Research Centre.

25 Oct 1995 - 12:00am

Reform to be top priority, says Beijing

CHINA would go ahead with the controversial enterprise reforms and expected to achieve 'substantial progress' next year, a senior Chinese government official said yesterday.

The reforms, which were reportedly toned down significantly for fear of triggering massive social unrest, are aimed at turning China's socialist state enterprises into market-oriented businesses.

21 Dec 1994 - 12:00am

Cycle of debt at heart of problem

THE reform of state enterprises in post-Mao Zedong China has been a key area of change in the Chinese economy. In its simplest sense, policy has been encouraging the introduction of more market-orientated practices and greater autonomy in this sector with a view to reducing, or, in some cases, removing the burden these companies represent to the state.

26 Sep 1994 - 12:00am

Superman Zhu goes back to the future

VERY strange things are happening to China's economic policy. First we have Zhu Rongji's statement last weekend that everything was shipshape: according to the script of the czar-turned-superman, the growth and inflation rates will both be contained within 10 per cent this year.

8 Jun 1994 - 12:00am

Stopped in its tracks

IT is an indictment of the Communist Chinese administration that if demonstrations were to erupt upon the death of patriarch Deng Xiaoping, the slogans chanted by the activists would be similar to the angry refrains of early 1989.

Five years ago, the students were calling for an end to corruption and ''officially-sponsored speculation''.

28 May 1994 - 12:00am

Reforms cut back for social stability

BEIJING has decided to hold back or scale down a number of radical market reforms to minimise social-political instability.

And provincial leaders among members of the National People's Congress (NPC) will this week discuss with the central leadership new ways to contain mass dissatisfaction over inflation, unemployment and other undesirable by-products of reform.

23 Mar 1994 - 12:00am

Planning body hints at higher inflation

SENIOR officials have hinted that containing inflation to 10 per cent this year will be almost impossible.

In a report to the National People's Congress (NPC), the State Planning Commission said it anticipated an ''extremely arduous'' battle against inflation.

19 Mar 1994 - 12:00am