Historische Organisatie

Third Plenum of 12th CPC Central Committee

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Economic reforms in China 📍 China

Third Plenum of 12th CPC Central Committee

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Third Plenum adopts the Decision on Economic System Reform

📅 20 Oktober 1984

The decision declared that a planned commodity economy was compatible with socialism and made urban reform a central priority. It gave state enterprises more autonomy, expanded markets and reframed...