4min chapter

Odd Lots cover image

Isabella Weber on China’s Vision for Making Markets Work

Odd Lots

CHAPTER

The Ten Year Plan of Industrialization in the Seventies

In the 19 eighties, they ere talking about price liberalization and other types of things that one wouldn't necessarily associate with that kind of socialism. The idea was that china's catch up ambition could finally be realized in this ten year plan. But by the late seventies, this model had very quickly run out of steam. So there is a sense of we need to redo the economic system in order to am to move forward.

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