42
the rural areas
had been
greatly improved.
Although
about 80% of the
population
worked for or were in the
agricultural sector,
the actual
number working in the
fields was smaller.
Urban Economic Reform
12.
Between
1949 and 1979, industrial production was
This led to the problem
geared to purchase by the state.
of
stock-piling as factories did not care whether or not
the goods they
total value of
produced were sellable. By 1979, the
goods kept in store houses was more than
there was a need for
RMB¥40 billion. Consequently,
reform which took various forms.
13.
First, more freedom was given to factories and
enterprises regarding production, planning and
sales.
were run by the state
Approximately 400,000 enterprises
including 13,000 key enterprises.
14.
was
divided
Secondly, more freedom was given to the
circulation system. Traditionally, the market in China
into different parts and regional
protectionism was not uncommon, ie. certain areas did not
enterprises to compete with enterprises from
other areas in order to protect their own industries.
This had been changed and, at present, there was not only
circulation of capital but also information and
allow
the
their
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