Concept
Chinese economic reform
Related concepts (33)
Four Modernizations
The Four Modernizations (simplified Chinese: 四个现代化; traditional Chinese: 四個現代化) were goals formally announced by China's first Premier Zhou Enlai to strengthen the fields of agriculture, industry, defense, and science and technology in China. The Four Modernizations were adopted as a means of rejuvenating China's economy in 1977, following the death of Mao Zedong, and later were among the defining features of Deng Xiaoping's tenure as the paramount leader of China.
Economy of China
China has an upper middle income developing mixed socialist market economy that incorporates industrial policies and strategic five-year plans. It is the world's second largest economy by nominal GDP, behind the United States, and the world's largest economy since 2016 when measured by purchasing power parity (PPP). Due to a volatile currency exchange rate, China's GDP as measured in dollars fluctuates sharply. China accounted for 18.6% of global economy in 2022 in PPP terms, and around 18% in nominal terms in 2022.
Xi Jinping
Xi Jinping (; born 15 June 1953) is a Chinese politician who has been serving as the general secretary of the Chinese Communist Party (since 2012), chairman of the Central Military Commission (CMC, since 2012) and the president of the People's Republic of China (PRC, since 2013). He is the fifth paramount leader of the PRC since its foundation in 1949. The son of Chinese Communist veteran Xi Zhongxun, Xi was exiled to rural Yanchuan County as a teenager following his father's purge during the Cultural Revolution.
Qiushi
Qiushi () is the leading official theoretical journal and news magazine of the Chinese Communist Party (CCP), published bi-monthly by the Central Party School and the Central Committee. The journal is headquartered in Beijing. The publication aims to publicize the CCP's governing philosophy. According to its English language version, "about 60%" of the articles published in the journal are written by state and CCP leaders such as the CCP general secretary Xi Jinping and senior officials at the ministerial and provincial levels.
Moderately prosperous society
Moderately prosperous society or Xiaokang society (), is a Chinese term, originally of Confucianism, used to describe a society composed of a functional middle-class. In December 1979, Deng Xiaoping, then paramount leader of China, first proposed the idea of "Xiaokang" based on the "Four Modernizations". The term is best known in recent years through its use by Hu Jintao, General Secretary of the Chinese Communist Party between 2002 and 2012, when referring to economic policies intended to realise a more equal distribution of wealth.
New Economic Policy
The New Economic Policy (NEP) (Новая экономическая политика (НЭП)) was an economic policy of the Soviet Union proposed by Vladimir Lenin in 1921 as a temporary expedient. Lenin characterized the NEP in 1922 as an economic system that would include "a free market and capitalism, both subject to state control", while socialized state enterprises would operate on "a profit basis". The NEP represented a more market-oriented economic policy (deemed necessary after the Russian Civil War of 1918 to 1922) to foster the economy of the country, which had suffered severely since 1915.
Iron rice bowl
"Iron rice bowl" () is a Chinese term for an occupation with guaranteed job security. The Chinese term can be compared to the similar (but not identical) English concept of a "job for life". Traditionally, people considered to have such positions include military personnel, members of the civil service, as well as employees of various state-owned enterprises (through the mechanism of the work unit). The origin of the term "iron rice bowl" came from Jǐ Yún's journal, Notes of the Thatched Abode of Close Observations ()(The Shadow Book of Ji Yun, Empress Wu Books, 2021): A beautiful maid works in a squire's home.
Hua Guofeng
Hua Guofeng (hwɑː; born Su Zhu; 16 February 1921 – 20 August 2008), was a Chinese politician who served as Chairman of the Chinese Communist Party and Premier of the People's Republic of China. The designated successor of Mao Zedong, Hua held the top offices of the government, party, and the military after the deaths of Mao and Premier Zhou Enlai, but was gradually forced out of supreme power by a coalition of party leaders between December 1978 and June 1981, and subsequently retreated from the political limelight, though still remaining a member of the Central Committee until 2002.
Socialist market economy
The socialist market economy (SME) is the economic system and model of economic development employed in the People's Republic of China. The system is a market economy with the predominance of public ownership and state-owned enterprises. The term "socialist market economy" was introduced by Jiang Zemin during the 14th National Congress of the Chinese Communist Party (CCP) in 1992 to describe the goal of China's economic reforms.
Deng Xiaoping
Deng Xiaoping (22 August 1904 – 19 February 1997) was a Chinese revolutionary and statesman who served as the paramount leader of the People's Republic of China (PRC) from December 1978 to November 1989. After Chinese Communist Party chairman Mao Zedong's death in 1976, Deng gradually rose to supreme power and led China through a series of far-reaching market-economy reforms earning him the reputation as the "Architect of Modern China".