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The Role of Planning in China's Market Economy

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  • Gregory Chow
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    Abstract

    This paper addresses issues raised in 'The Background of China's Planning Institutional Reform' circulated in advance of the International Conference on China's Planning System Reform, held on 24-25 March 2004 in Beijing. The discussion is structured around four topics: (1) the scope of planning; (2) the administration of the planning system; (3) methods of planning; and (4) the coordination of planning with market activities. A critical issue is whether the Chinese government is doing too much or too little in planning the broad range of activities in a market economy, and various policy options are examined in relation to this issue. A central conclusion is that as China's economic and political system evolves within the framework of the Five-Year Plan, the scope of planning will naturally reduce as the market sector replaces a number of activities formerly undertaken by government.

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    Bibliographic Info

    Article provided by Taylor & Francis Journals in its journal Journal of Chinese Economic and Business Studies.

    Volume (Year): 3 (2005)
    Issue (Month): 3 ()
    Pages: 193-203

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    Handle: RePEc:taf:jocebs:v:3:y:2005:i:3:p:193-203

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    Keywords: China; eonomic planning; policy options;

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