1. Chinese Economics
... twist" (Shirk35). This approach was tied heavily Harris 5 to the development of China's oil reserves. "When in 1978 estimates of the oil reserves were revised downward, commitments to import plants and expand heavy industry could not be sustained" (Shirk 35). Deng took advantage of this economic crisis to discredit Hua and aim for leadership of the party. "Reform policies became ... , long-term sales contracts between farmers and the government were established. In addition, in an effort to allow the market to determine prices, "city prices of fruit and vegetables, fish, meat, and eggs, ...
- Word Count: 6375
- Approx Pages: 26
- Has Bibliography
- Grade Level: Undergraduate