Although achieving impressive economic growth during the economic reform period, China has been plagued by rampant corruption and a widening income gap. How can the coexistence these two phenomena be explained? In this paper, we argue that before 1994, the coexistence was induced by a series of...

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...