The Development History of the Market Economy System (V)

The third phase

The third stage is the “national regulation market, market-oriented enterprises” from 1987 to 1992.

In October 1987, the 13th National Congress of the Communist Party of China published a new theoretical summary of the socialist market mechanism on the basis of the planned commodity economy theory, stating: “The system of socialist planned commodity economy should be planned and the unified market-inherent system. The model of “national regulation of the market and market-oriented enterprises” proposed by the 13th National Congress of the Communist Party of China is a major development of the theory of planned commodity economy. In this stage, the “market” has been occupied in the national economy. A considerable proportion has even begun to play a leading role in some areas.metal coil suppliers

The Fourth stage

The fourth stage was the establishment and construction of a “socialist market economic system” from 1992 to 2003.

In September 1988, in response to problems arising from economic overheating and inflation, the Third Plenary Session of the 13th CPC Central Committee decided to rectify and rectify in accordance with the principle of “governing the economic environment, rectifying the economic order, and comprehensively deepening reforms.” During this period, the reform has stagnated. The government has strengthened its administrative control over the economy, and its role in direct planning adjustment has been prominent.

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