A Survey of the Research on the Transitional Process of Market-Oriented Reform in China

IF 1.4 Q3 ECONOMICS CHINESE ECONOMY Pub Date : 1996-03-01 DOI:10.2753/CES1097-147529025
Sheng Hong
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引用次数: 6

Abstract

Of all the former planned-economy countries, China might be the most successful in market-oriented reforms. China's GNP grew 9.4 percent per year from 1978 to 1994 (Li T., 1995). By 1994, the reform of the product market was basically completed with more than 95 percent of product prices determined by the market (Li T., 1995). The factor market is also forming. Because of the flow of labor and the development of the non-state-owned sector, labor is increasingly evaluated by the market; similarly, the value of land factor is accessed by the market because of the emergence of the real estate market, and the capital market and money market are preliminarily established through the securities market and the liberalization of trade on the foreign exchange. The output of the non-state sector amounts to 53 percent of the entire GNP (1993, estimated by Qiu Xiaohua), indicating that there has been a significant change in the institution of property rights. What is more important is that these changes have led to the amendment of the Constitution into which the term "market economy" has already been inserted.
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中国市场化改革转型研究述评
在所有前计划经济国家中,中国可能是市场导向改革最成功的国家。从1978年到1994年,中国的国民生产总值每年增长9.4%(李涛,1995)。到1994年,产品市场改革基本完成,95%以上的产品价格由市场决定(李涛,1995)。要素市场也在形成。由于劳动力的流动和非国有部门的发展,劳动力越来越受到市场的评价;同样,由于房地产市场的出现,土地要素的价值被市场获取,通过证券市场和外汇贸易自由化,资本市场和货币市场也初步建立起来。非国有部门的产出占全部国民生产总值的53%(1993年,邱晓华估计),这表明产权制度发生了重大变化。更重要的是,这些变化导致了《宪法》的修正,其中已经插入了“市场经济”一词。
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来源期刊
CHINESE ECONOMY
CHINESE ECONOMY ECONOMICS-
CiteScore
4.10
自引率
15.00%
发文量
24
期刊介绍: The Chinese Economy offers an objective and analytical perspective on economic issues concerning China. It features research papers by scholars from around the world as well as selected translations of important articles from Chinese sources. The journal aims to provide expert insight on China"s economic development and directions for future research and policy analysis.
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