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After 1979, the Chinese leadership moved toward more pragmatic policies in almost all fields. The party encouraged artists, writers and journalists to adopt more critical approaches, although open attacks on party authority were not permitted. The Chinese government repudiated the Cultural Revolution.
The initial projects from 1979 to 1984 included the establishment of overseas on-the-job training and academic programs, set-up of information processing centers at key government units, and the development of methods to make informed decisions within the Chinese context based on market principles.
The People's Republic of China (PRC) became more influential economically in the 1990s and 2000s and was beginning to be widely recognized as an emerging superpower.In 2010, China became the world's second largest economy by nominal GDP and became the largest economy since 2014 measured by GDP PPP surpassing the United States which previously held that position.
The Chinese economic reform or Chinese economic miracle, [1] [2] also known domestically as reform and opening-up (Chinese: 改革开放; pinyin: Gǎigé kāifàng), refers to a variety of economic reforms termed "socialism with Chinese characteristics" and "socialist market economy" in the People's Republic of China (PRC) that began in the ...
Chinese inflation 1987 - 2022. The economic history of China describes the changes and developments in China's economy from the founding of the People's Republic of China (PRC) in 1949 to the present day. The speed of China's transformation in this period from one of the poorest countries to one of the world's largest economies is unmatched in ...
Even critics of China's market reforms do not wish to see a backtrack of these two decades of reforms, but rather propose corrective measures to offset some of the social issues caused by existing reforms. On the other hand, in 1979, the Chinese government instituted a one child policy to try to control its rapidly increasing population. The ...
In order to more accurately reflect China's transition from a Soviet-style command economy to a socialist market economy (socialism with Chinese characteristics), the plans since the 11th Five-Year Plan for 2006 to 2010 have been referred to in Chinese as "guidelines" (Chinese: 规划; pinyin: guīhuà) instead of as "plans" (Chinese: 计划 ...
Of the Chinese government institutions, the highest organ of state power, the National People's Congress, appeared to have only limited influence on foreign policy. In the 1980s the National People's Congress was becoming more active on the international scene by increasing its contacts with counterpart organizations in foreign countries.