Social Sciences in China

Vol. 40, No. 3, 2019

The Logic of the Successful Experience of China’s Reform

(Abstract)

Cai Fang

China’s reform and opening up experience over the past 40 years has provided economics with rich material for review, summary, empirical analysis and theoretical refinement. However, the prevailing research paradigm about the developmental factors underlying the reforms still takes as its criterion theoretical interpretations and assessments that apply the doctrines of neoclassical economic theory and discourse. The 19th National Congress of the Communist Party of China stressed the transformation of China’s economy from a stage of high-speed growth to one of high-quality development. Adopting an analytical approach that unifies historical and theoretical logic on the basis of Chinese realities will help elucidate the interrelationships and driving logic behind the progress of reform and opening up and promote the forward march of the great rejuvenation of the Chinese nation on a solid basis of practice.

Keywords: Chinese economy, developmental factors, reform and opening up