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The Distinctive Transition of China’s Five-Year Plans

author Hu Angang publish : 2013/12/1 16:00:00   hits :  2131
China has taken a distinctive path of economic transition, combining both the market and the plan. In introducing the market mechanism, the government has not abandoned the planning mechanism, as was done in other socialist countries, but instead has reformed it. The five-year plan has thus been transformed from economic planning to public affairs governance planning. Today the plan and the market are combined so that the two supplement and stimulate each other.

brainstorming, decision making, democratization, economic transition, five-year plan, institutionalization, scientization

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