collected snippets of immediate importance...

Monday, July 27, 2009
If we look at the entire country from a distance, during the period between 1978 and 1992 there were two great sectors: a public sector that was still largely based on socialist production relations and a private sector in which family production relations prevailed. Looking a little closer, in urban areas, the public sector was dominant, with a thriving family economy at the margins, while in rural areas, the family economy was dominant, with a growing township and village enterprise sector, which harboured both socialist and small-scale capitalist production relations. This was, indeed, a non-capitalist market economy, although it was changing quickly. Since 1992, much more radical market reforms have changed everything.
Labels:
capitalism,
china,
deng xiaoping,
development,
maoism,
socialism,
unequal development
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