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A History of the Cycle

In: Animal Spirits with Chinese Characteristics

Author

Listed:
  • Mark A. Weaver

Abstract

China’s transition to today’s “socialist market” economy is generally considered to have started in 1978. In December of that year, the third plenum of the Chinese Communist Party’s eleventh Central Committee declared economic development rather than class struggle to be the “basic line.” This set in motion a new policy of “reform and opening.”

Suggested Citation

  • Mark A. Weaver, 2012. "A History of the Cycle," Palgrave Macmillan Books, in: Animal Spirits with Chinese Characteristics, chapter 0, pages 55-76, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-11012-1_4
    DOI: 10.1057/9781137110121_4
    as

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