Reform of Chinese Economy and Management Control in Enterprises

Abstract

When the Communist Party of China came to power in 1949, the fundamental long-range goals of its leaders were to transform China into a modern and powerful socialist nation. In economic terms these objectives meant industrialization, improvement of living standards, narrowing of income differences, and production of modern military equipment. As the years passed, the leaders were still stick to these goals. But the economic policies formulated to achieve them were dramatically altered on several occasions in response to major changes in the economy, internal politics and international political and economic developments.