30 Years of Reform & Opening Up
BEIJING, Dec. 18 (Xinhua) -- On this date 30 years
ago, the Communist Party of China (CPC) made a landmark policy shift, known as
the reform and opening up drive, which gave the then poverty-stricken nation
hope of a better life through economic change.
The radical economic and social changes in China have
justified that decision.
The world has witnessed a growing China with
remarkable economic, social and technological achievements. Since the
introduction of the policy, China has turned from an impoverished country into
the world's fourth-largest economy.
The past three decades have also been a critical era
for China to embrace globalization and seek scientific, peaceful, harmonious and
coordinated development at home.
Following are some major events of the past 30 years:
December, 1978 -- The Third Plenary Session of the
11th CPC Central Committee was held in Beijing. The meeting made the important
decision to restore order by turning away from chaotic class struggle and focus
on China's economic construction and opening up.
The meeting established the collective leadership of
the CPC Central Committee, with Deng Xiaoping as the core, and it restored the
CPC's traditions -- including seeking truth from facts.
July, 1979 -- Four pilot Special Economic Zones (SEZ)
in the coastal provinces of Fujian and Guangdong were set up.
The SEZs -- Shenzhen, Zhuhai, Shantou and Xiamen --
enjoyed favorable policies and flexible measures on foreign economic activities
and became China's window to accumulate economic and legal experience through
contacts with foreign countries.
January, 1982 -- The central government approved the
practice of the Household Contract Responsibility System, which links personal
income to an individual's contribution and hence stimulates farmers' initiative.
The system was a milestone in releasing productive forces in the vast rural
October, 1984 -- The central government decided to
further revive the domestic economy and uphold the opening-up policy. It urged
efforts to create conditions for breaking up the planned economic system.
December, 1986 -- State-owned enterprise reform
began. Trial leasing and contract operations were encouraged and various forms
of management responsibility in enterprises were adopted.
These were major steps to stimulate enterprises'
internal reform to meet competition, and they had great significance in giving
enterprises more say over their development.
October, 1987 -- The 13th National Congress of the CPC put forward a three-stage development plan that was to run through themid-21st century and emphasized the importance of economic growth by sticking to the reform and opening-up policy -- known as the principle of "one central task, two basic points".