Thirty Years of Turbulence - Chinese Enterprises

作者：admin  点击次数：40  发布时间：2025-09-30

Objectively speaking, the macroeconomic tightening in 1982 did not lead to a comprehensive ideological return. The various roughness it exhibited was a manifestation of a government accustomed to using administrative means and ideas to solve economic fluctuations, lacking market economy management capabilities in the face of new environments. At the central decision-making level, reform remains the mainstream force, and some major changes are still being promoted.

In January of that year, under the leadership of Deng Xiaoping, Hu Yaobang, and others, the State Council announced the streamlining of its institutions, which was the largest reduction in the scale of the institution since the founding of the People's Republic of China and received widespread praise internationally. According to a commentary from the Japanese newspaper Tokyo Shimbun, "the larger the official positions, the more they are reduced." Among them, the number of deputy prime ministers has decreased by 80%, the number of ministerial level positions has decreased by 70%, the number of department level positions has decreased by 50%, and the rest have decreased by 1/3. The number of ministries has decreased from 52 to 41. Foreign media optimistically believes that "the State Council has set a new example, and if provinces and cities across the country follow suit, China's problem of bloated institutions can be cured by half." On March 8th, the State Council announced the establishment of an Economic System Reform Commission, which will become an explorer of China's system reform. Its power will gradually increase, and it once held the approval power for stock listing. Until it was abolished in March 1998, it was the most prominent and powerful economic regulatory agency.