Four Decades Of Inspiration

Beijing Review - - ESSAY 40 YEARS OF REFORM AND OPENING UP - By Lan Xinzhen

China’s re­form and open­ing-up pol­icy has in­cu­bated its peo­ple’s cre­ativ­ity and helped dis­tance them from poverty and back­ward­ness. Forty years of de­vel­op­ment have led to great ac­com­plish­ments that have caught the at­ten­tion of the world. Achieve­ments are not re­stricted to in­creases in eco­nomic in­di­ca­tors such as the GDP or res­i­dents’ in­come, nor are they con­fined to the surge in de­vel­op­ment of high-speed rail­ways, high­ways or air­ports. More im­por­tantly, China’s re­form and open­ing up has pro­vided a new and valu­able method of de­vel­op­ment.

A so­cial­ist mar­ket econ­omy with Chi­nese char­ac­ter­is­tics has taken form over the past 40 years, in­te­grat­ing China into the mod­ern global econ­omy. China’s achieve­ments in so­cial and eco­nomic de­vel­op­ment have proven that this path fully con­forms to its na­tional con­di­tions and has been an ef­fec­tive way for China to de­velop.

Prior to re­form and open­ing up, China tried to de­velop its econ­omy in other ways, but failed to im­prove the over­all eco­nomic con­di­tions. The planned econ­omy, in par­tic­u­lar, led to low pro­duc­tion ef­fi­ciency and slug­gish growth. The re­form pol­icy put wings on China’s econ­omy and helped it thrive. The govern­ment will stick to this path and com­pre­hen­sively deepen re­form and open its door wider to the world.

There are over 200 coun­tries and re­gions in the world, the ma­jor­ity of which are less de­vel­oped. Cur­rently, many face eco­nomic sit­u­a­tions quite sim­i­lar to China’s 40 years ago, with an ur­gent need to boost their economies and im­prove peo­ple’s liveli­hood. China’s suc­cess shows these coun­tries that a road suited to their unique con­di­tions is of ma­jor im­por­tance. This is the most sig­nif­i­cant inspiration that China’s re­form and open­ing up brings to the world, a pre­cious ex­pe­ri­ence con­cluded in the course of 40 years. Con­di­tions vary from coun­try to coun­try and some­thing that is use­ful for one coun­try may not work in an­other. China does not sell its mode of de­vel­op­ment, but is show­ing good­will in the hope that de­vel­op­ing coun­tries find their own means of de­vel­op­ment.

Pri­vate own­er­ship of the means of pro­duc­tion has been ad­vo­cated by the West as the norm of eco­nomic de­vel­op­ment, but China’s so­cial­ist mar­ket econ­omy of­fers a new idea for de­vel­op­ment which is also ef­fec­tive. Notably, it un­der­lines the need to re­solve prob­lems in­her­ent in de­vel­oped West­ern

The planned econ­omy led to low pro­duc­tion ef­fi­ciency and slug­gish growth. The re­form pol­icy was the key to putting wings on China’s econ­omy and help­ing it thrive

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