China policy

China is a socialist state. According to the state constitution of 1982, 'State is to guide the country's economic development. The state council is to direct its subordinate bodies in drawing up and carrying out the national economic plan and the state budget.' These are the development ideology and principle in China. In fact from the very beginning, China used the input substitution policy as the economic development ideology. That means the government planned to …showed first 75 words of 771 total…

…showed last 75 words of 771 total…some direct and indirect controls. Like set up some quotas and levying tax. In fact the new economic plans in China was quite success. This was not only dismantled the commune structure in agriculture aspect. But also introduced the free market in modern China. In 1998 China's GDP reached 8 trillion Yuan. It was 50 times that of 1949. Also China's economy has been growing at an annual rate of 7.7%. So those proved that the four-modernization policy was successful.