This book chronicles the dramatic events that have taken place since China opened up to the world in 1978 and adopted a policy of economic reform. It records how economic policies were drafted between 1978 and 1991, brought into law, initiated and then implemented. It vividly relates the history of reform from the beginning of the rural household contract responsibility system to the expansion of enterprise autonomy in cities and the gradual liberalization of prices of goods and services. The book covers the founding of Deng Xiaoping's reform theory and the establishment of a socialist market economic system. 1. Authoritative source of information with commentary from Chinese think tanks 2. Comprehensive coverage of all aspects of China's economic reform since 1978 3. Detailed overview of Chino's reform process 4. Unique insight info China's unparalleled economic growth and development