Major developments in the Chinese economy since 1978 in terms of some broad aggregates are sketched out. GDP growing at a respectable rate. Output structure during the period 1957-78 shifted in favour of industry. The pattern of resource allocation characterized by a relatively large...

Investigation of the rural economic policy of 1978 with particular reference to income distribution among the peasants. Taxes, investment, prices, quotas, production and marketing in agriculture. Year-to-year increases of total peasant income 1978-81. A new array of economic problems created by...