In recent years there have been enthusiastic discussions among Chinese economists on a number of macroeconomic problems concerning the theories and policies of structural reform. Such discussions are very necessary for the development of economics as a science and for the improvement of economic...

Premier Zhao Ziyang, when talking about the current economic situation and 1986 tasks at the national planning and economic work conference on January 13 this year, pointed out that, in the past year, due to a series of measures taken by the Party Central Committee and State Council to...

In his Report on the Work of the Government to the Third Session of the Sixth National People's Congress, Premier Zhao Ziyang pointed out that the policy of seeking truth from facts and making stable progress must be continued, and that blindly chasing after growth rate and competing over who...

1. After a year of "improvement and straightening out," the economic situation in the fall of 1989 can roughly be summarized as follows: The superficial cause of the 1988 price hikeâexpansion of real purchasing power as represented by iMsubo/sub/i (cash)âhas been brought under initial control....

Reform of the economic system in China, with reform in cities as its focus, is being unfolded across the country. At this takeoff moment of the reform, the question of what measures are to be taken in order to ensure an even and smooth transition from the old mold to the new system naturally...

In his report on government work delivered at the Third Session of the Sixth National People's Congress, Premier Zhao Ziyang pointed out that it is necessary to adhere to the principle of seeking truth from facts and steady progress and resolutely guard against blindly pursuing and competing for...

After trying out such policy innovations as administrative division of powers [ixingzheng xing fen quan/i], decentralized powers and profit retention by enterprises [ifang quan rang li/i], and promoting the contract responsibility system [iqiye chengbao zhi/i], and having failed to obtain any...

In the preceding articles, we have discussed such issues as what constitutes a modern enterprise system and how to set up such a system. The fact is that enterprises do not exist in isolation but are closely connected with all other facets of the economic system. Thus, enterprise reform and...

Today, most people are already of the opinion that setting up a modern enterprise system is the only way out for China's large and medium-sized enterprises, and that current nonstandard "shareholding system enterprises" should be refashioned in line with the normative requirements for a modern...

During the decade when Lin Eiao and the "Gang of Four" went on a rampage, the anti-Party clique, chanting "the most revolutionary" slogans but committing the most reactionary crimes, brought great catastrophe to the state and the nation. Among their countless crimes, the greatest was their...