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On the Problems of the Chinese Economic Reformation

Yong Wenyuan (Yong Wenyuan is Research Professor at the Institute of Economics, Shanghai Academy of Social Science.)

International Journal of Social Economics

ISSN: 0306-8293

Article publication date: 1 August 1991


The article discusses the hidden contradictions and the theoretical problems in economic reform. It argues that a new operational model of the socialist economy will be established in China. Its fundamental characteristics are multi‐ownership structures with public ownership as its main body, separation of ownership and management in the state‐owned economy, and organic combination between planning and market regulation on the base of the planned commodity economy.



Wenyuan, Y. (1991), "On the Problems of the Chinese Economic Reformation", International Journal of Social Economics, Vol. 18 No. 8/9/10, pp. 67-74.




Copyright © 1991, MCB UP Limited