Gang, Fan; Shuguang, Zhang; Limin, Wang - In: Chinese Economy 28 (1995) 6, pp. 40-88
A characteristic of China's "gradualistic" reform is that it starts first by trying not to confront many vested interests or to undertake any fundamental, radical restructuring of the old system, but rather to develop a new system alongside (or on the "margins" of) the old system. Therefore,...