1. Background Knowledge about the Reform and Opening-Up
Reforming and opening-up is a national policy adopted in the 1980's about reforming the economic system and opening up to the outside world. The reform and opening-up includes the internal economic reform and external opening up. China's economic reform started from the countryside, with the family-contract responsibility system initiated at Xiaogang Village, Fengyang County, Anhui Province. Opening up is one of China's basic national policies and reform and opening up is China's path to a strong nation.
2. The 30-Year Course
1978-1992: Economic System Reform
In 1978, China set out to reform its planned economic system. In 1979, the family-contract responsibility system was popularized in rural areas. In 1984, China decided to reform its economic system.
1992-2001: China's Market Economy
In 1992, China established its target of socialist market economy and a general picture of opening up took shape; from 1996 to 2000, macro-control helped the economy to have a soft landing; in 2001, China entered the WTO.
2001-2008: China's Takeoff after Entry into WTO
Reviewing the 5 years after China's entry into WTO, the greatest impression is "unexpected". Against China's special background of economic transition, the Olympic Games was a strong engine empowering China's economic takeoff.