When did New China's planned economy begin to shift to a market economy?

After the Third Plenary Session of the Eleventh Central Committee in 1978, the reform and development process began, and Deng Xiaoping and Chen Yun first mentioned the concept that there was no contradiction between a planned economy and a market economy in 1979.

In 1993, the Decision on Several Issues Concerning the Establishment of a Socialist Market Economy was adopted, outlining the basic framework of a "socialist market economy" system.

In 1995, the Fifth Plenary Session of the 14th Central Committee adopted the "Proposals of the Central Committee on Formulating the Ninth Five-Year Plan for National Economic and Social Development and the Vision and Goals for the Year 2010", which stated that one of the keys to realizing the goals was the transformation of the economic system from the traditional planned economic system to the socialist market economy system.

Since then, the "planned economy" has gradually faded from the stage of history, and the "socialist market economy" has gradually taken root in people's hearts

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