Wednesday, 12noon – 2pm PT July 15, 2015    host Gerry Takano

The Great Economic Leap: from Maoism to State Capitalism

China introduced economic reforms in 1978.  In the late 1970s and early 1980s the government began state-owned de-collectivization of agriculture, foreign investment, and permission for entrepreneurs to start businesses.  By the late 1980s and 1990s communist China moved towards capitalism -- privatization, contracting out of much state-owned industry and the lifting price controls, protectionist policies, and regulations while maintaining state monopolies in sectors such as banking and petroleum.

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