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Whither China?Restarting the Reform Agenda$
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Wu Jinglian and Ma Guochuan

Print publication date: 2016

Print ISBN-13: 9780190223151

Published to Oxford Scholarship Online: May 2016

DOI: 10.1093/acprof:oso/9780190223151.001.0001

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“Whither China?” in a New Context

“Whither China?” in a New Context

(p.1) Dialogue 1 “Whither China?” in a New Context
Whither China?

Wu Jinglian

Ma Guochuan

Xiaofeng Hua

Nancy Hearst

Oxford University Press

The Chinese economy has experienced continuous growth due to the dynamism released by the economic reform and opening. Meanwhile, the dominant role of government- and state-owned economic entities continues. China’s semi-command, semi-market system has two futures. The first, further reform, will move the country toward a free-market economy based on the rule of law; however, the second, a strengthening of government controls, will move China in the direction of state capitalism, and even crony capitalism. Despite impressive figures seemingly indicating rapid economic development, the fact is that China’s economic reforms reached a standstill in the new millennium. As a result, social and economic problems have worsened. This dialogue reveals that the question of whither China? has once again become urgent

Keywords:   Chapter Soviet social system, entrepreneurship, private sector, command economy, state-owned enterprise

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