Traditional Culture Encyclopedia - Traditional customs - What are the economic system reforms in China?
What are the economic system reforms in China?
Major economic system reform after the founding of New China;
The first time: from 1956, public ownership was transformed into a highly centralized planned economic system.
The second time: after the Third Plenary Session of the Eleventh Central Committee: the single economic system was transformed into an economic system with public ownership as the main body and multiple economic components coexisting.
The third time: the transition to the socialist market economic system since the 1990s.
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