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China at the Threshold of a Market Economy

China at the Threshold of a Market Economy »

Series: Occasional Papers

Author(s): Michael Bell , Kalpana Kochhar , and Hoe Khor

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 June 1993

DOI: http://dx.doi.org/10.5089/9781557753496.084

ISBN: 9781557753496

Keywords: foreign trade, foreign investment, regulatory framework, foreign exchange, economic zones

This paper reviews China's experience with market-oriented reform since 1978, including domestic reforms, the opening of the economy to foreign trade and investment, and the decentralization of decision making. It...

Back Matter

Back Matter »

Source: China at the Threshold of a Market Economy

Series: Occasional Papers

Author(s): Michael Bell , Kalpana Kochhar , and Hoe Khor

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 June 1993

ISBN: 9781557753496

Keywords: foreign trade, foreign investment, regulatory framework, foreign exchange, economic zones

This paper reviews China's experience with market-oriented reform since 1978, including domestic reforms, the opening of the economy to foreign trade and investment, and the decentralization of decision making. It...

Front Matter

Front Matter »

Source: China at the Threshold of a Market Economy

Series: Occasional Papers

Author(s): Michael Bell , Kalpana Kochhar , and Hoe Khor

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 June 1993

ISBN: 9781557753496

Keywords: foreign trade, foreign investment, regulatory framework, foreign exchange, economic zones

This paper reviews China's experience with market-oriented reform since 1978, including domestic reforms, the opening of the economy to foreign trade and investment, and the decentralization of decision making. It...

I Overview

I Overview »

Source: China at the Threshold of a Market Economy

Series: Occasional Papers

Author(s): Michael Bell , Kalpana Kochhar , and Hoe Khor

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 June 1993

ISBN: 9781557753496

Keywords: foreign trade, foreign investment, regulatory framework, foreign exchange, economic zones

For three decades after the 1949 revolution, China pursued a strategy of socialist economic development based on self-reliance and the centrally directed allocation of resources to key sectors largely throug...

II Initial Conditions and Special Characteristics of Chinese Reform

II Initial Conditions and Special Characteristics of Chinese Reform »

Source: China at the Threshold of a Market Economy

Series: Occasional Papers

Author(s): Michael Bell , Kalpana Kochhar , and Hoe Khor

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 June 1993

ISBN: 9781557753496

Keywords: foreign trade, foreign investment, regulatory framework, foreign exchange, economic zones

This section reviews some of the economic conditions at the start of the reform era and certain characteristics of the economic environment during the period. It highlights a number of special features of th...

III Reform of the Domestic Economy

III Reform of the Domestic Economy »

Source: China at the Threshold of a Market Economy

Series: Occasional Papers

Author(s): Michael Bell , Kalpana Kochhar , and Hoe Khor

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 June 1993

ISBN: 9781557753496

Keywords: foreign trade, foreign investment, regulatory framework, foreign exchange, economic zones

From 1978 to 1992, the Chinese leadership adopted a series of market-oriented reforms to reinvigorate the domestic economy. Although the reforms initiated were wide-ranging, they did not follow any systemati...

IV Opening Up and External Policies

IV Opening Up and External Policies »

Source: China at the Threshold of a Market Economy

Series: Occasional Papers

Author(s): Michael Bell , Kalpana Kochhar , and Hoe Khor

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 June 1993

ISBN: 9781557753496

Keywords: foreign trade, foreign investment, regulatory framework, foreign exchange, economic zones

A key feature of the Chinese reforms was the gradual opening of the economy to the rest of the world and the concomitant change in the official attitudes to foreign trade and investment. The approach was ini...

V Decentralization and Regional Development

V Decentralization and Regional Development »

Source: China at the Threshold of a Market Economy

Series: Occasional Papers

Author(s): Michael Bell , Kalpana Kochhar , and Hoe Khor

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 June 1993

ISBN: 9781557753496

Keywords: foreign trade, foreign investment, regulatory framework, foreign exchange, economic zones

China’s regional policy has been crucial in stimulating reform and, by the same token, high regional growth rates have contributed to the macro-economic imbalances that have periodically developed. Analysis...

VI Economic Impact of Reform

VI Economic Impact of Reform »

Source: China at the Threshold of a Market Economy

Series: Occasional Papers

Author(s): Michael Bell , Kalpana Kochhar , and Hoe Khor

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 June 1993

ISBN: 9781557753496

Keywords: foreign trade, foreign investment, regulatory framework, foreign exchange, economic zones

China’s reforms were manifested in impressive output gains, particularly in agriculture, in the nonstate industrial sector and in external trade. On the negative side, the industrial sector has been retarded...

VII Conclusions

VII Conclusions »

Source: China at the Threshold of a Market Economy

Series: Occasional Papers

Author(s): Michael Bell , Kalpana Kochhar , and Hoe Khor

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 June 1993

ISBN: 9781557753496

Keywords: foreign trade, foreign investment, regulatory framework, foreign exchange, economic zones

The purpose of this paper has been to review the evolution of market-oriented reforms in China, assess the impact on the economy, and draw policy implications for framing future reform strategy. A number of...