Reforming the revolution: Industrial policy in china

Economic reform in the People’s Republic of China has entered its second decade. After an initially successful agricultural reform and a promising open-door policy, the regime introduced industrial reform to the urban area in 1984. This has had a chequered record. Four years after its introduction, the industrial reform was halted in a major retreat announced in late-1988. The political regimentation following the Tiananmen incident in June 1989 imposed further constraints on the reformers who had to deal with both thorny economic issues and political survival.