State raises procurement prices for key farm products

A Guangming Daily editorial argued that policy should be judged by practical results, helping reopen debate about Mao-era decisions and the role of expertise. The intervention was part of a wider...

Eighteen households in Xiaogang, Anhui, signed a secret agreement to divide collective land use among families and link each household’s rewards to output after meeting state obligations. This local...

In a speech preparing the Third Plenum, Deng urged leaders to emancipate thought, seek truth from facts and use economic methods in managing the economy. He argued for changing relations of production...

The Third Plenum of the Eleventh Central Committee moved the Party’s focus from class struggle to socialist modernization and endorsed reform and opening as the new strategic direction. It marked a...

The establishment of diplomatic relations created conditions for expanded trade, educational exchange and technology contact after decades of US-led embargo and strategic isolation. The opening was...

Shenzhen, Zhuhai, Shantou and Xiamen were designated as pilot zones for foreign investment, export production and institutional experimentation. The zones were not simply free-market enclaves: the...

The National People’s Congress adopted the Law on Chinese-Foreign Equity Joint Ventures. It allowed foreign capital and technical cooperation under Chinese law and state approval, beginning a...

A central decision authorized Guangdong and Fujian to use more flexible economic policies and attract overseas Chinese and foreign investment. The measure combined decentralization with an...

Membership restored access to international financial institutions and development expertise after the People’s Republic had been excluded from their systems. Engagement was selective: Beijing...

The Standing Committee formally approved special economic zones in Guangdong and Fujian, giving legal standing to the opening experiment. The zones reversed the colonial-era role of treaty-port...